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.
Sand Springs is a city in Osage and Tulsa counties in the U.S. state of Oklahoma. A suburb of Tulsa, it is located predominantly in Tulsa County. The population was 17,451 at the 2000 census. The city was founded by Oklahoma philanthropist Charles Page. He envisioned Sand Springs as a haven for orphans and widows. He helped found and develop Sand Springs as a model city that included all components of a total community. Today, Sand Springs is ripe with growth and development due to its strategic location near downtown Tulsa and proximity to cultural and recreational opportunities. Numerous private and governmental projects are currently underway to morph Sand Springs from a historically-rich bedroom community into a progressive and complete community.