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.
Bartlesville is a city in Osage and Washington counties in the U.S. state of Oklahoma. The population was 34,748 at the 2000 census. Bartlesville is located forty-seven miles north of Tulsa and very close to Oklahoma's northern border with Kansas. It is the county seat of Washington County, in which most of the city lies. Bartlesville is notable as the longtime home of Phillips Petroleum Company, now merged with Conoco as ConocoPhillips. Frank Phillips, who has a principal street named after him (the hospital is named after his wife Jane), founded Phillips Petroleum in Bartlesville in 1905 when the area was still Indian Territory. Phillips has always been the largest employer. Chiefly white-collar workers are employed by ConocoPhillips in Bartlesville, as the industrial extraction and refining work is done elsewhere in the state and throughout the world. The city has one daily newspaper and several radio stations. It is one of two places in Oklahoma where a Lenape Native American tribe lives, the other being Anadarko.