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.
Foss is a town in Washita County, Oklahoma, United States. At one time the town had a population of nearly 1000 residents. During World War II, the town boasted a population of over 300 residents, relying primarily on Route 66 travellers (which passed half a mile south of the city) and a U.S. naval base south of the town that operated during wartime. A gas station and a café also operated in the town around that time. The population was 127 at the 2000 census. Today, though still incorporated, Foss is considered to be a ghost town.