In the law of corporations, a merger is effected when one or more corporations becomes a part of, or merges, with another corporation so that one ceases to exist and the other continues to exist. In a merger, the company that continues to exist retains its name and identity and acquires the assets, liabilities, franchises, and powers of the corporation that ceases to exist. Attorneys who practice in mergers and acquisitions (sometimes called M & A) represent corporations and other business entities in strategizing, negotiating, and carrying out transactions in which two or more companies or corporations combine into a single new entity, a merger, or where one business purchases and absorbs the assets of another, an acquisition.
Wellston is a city in Jackson County, in southeastern Ohio, United States. Founded in 1873 as an iron and coal producing center, the town was named after founder Harvey Wells, a member of the Ohio Constitutional Convention. The city was incorporated in 1876. The population was 6,078 as of the 2000 census. Wellston is served by the Sylvester Memorial Public Library. In 2005, the library loaned more than 70,000 items to its 10,000 cardholders, and it had total holdings of over 31,000 volumes with over 90 periodical subscriptions.