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.
Peggs is a small unincorporated community of 100 residents in Cherokee County, Oklahoma, United States. The post office was established December 6, 1899. It was named for Thomas Pegg, acting principal chief of the Cherokee Nation during the Civil War. A large minority of its residents are Native American, most of them members of 10 tribal groups such as the Cherokee Nation and the Muscogee Creek Nation. One of Oklahoma's deadliest tornados hit Peggs on May 2, 1920, killing 71 people.