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.
Wakita is a town in Grant County, Oklahoma, United States, founded in 1898. The population was 420 at the 2000 census. It was featured in the 1996 blockbuster film Twister starring Helen Hunt and Bill Paxton in which Wakita was destroyed by an F4 tornado that was part of a storm system later spawning an F5 tornado. False fronts were built onto the existing store fronts for some shots and then were removed and replaced with rubble in the streets after the tornado hit and the rest of the building was removed using CGI. Some buildings were demolished, but nothing was put in to replace them.