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.
Ashwood is an unincorporated community in Jefferson County, Oregon, United States, 32 miles northeast of Madras. It is considered a ghost town. Ashwood was named for its proximity to Ash Butte, a butte with volcanic ash deposits on its sides, and to honor Whitfield T. Wood, who settled in the area in the 1870s. Ashwood post office was established in 1898. The Ashwood area was first used by the Native American Sahaptin and Northern Paiute people. After the Sahaptin were forced to move to the Warm Springs Indian Reservation in the 1850s, and the Northern Paiute were defeated in the 1870s, settlers moved into the area to raise cattle and sheep. Sheep ranching became an important local industry by 1900 because of the availability of the railroad in nearby Shaniko that facilitated the shipping of wool. Ashwood became a gold- and silver-mining boomtown in the 1910s. The Oregon King Mine was an important mine that was established during the early boom period. The minerals soon began to play out, however, and local residents turned back to ranching and agriculture as the mainstays of their economy. Ashwood is popular with rockhounds, as the area has an abundance of petrified wood, jasper, and thundereggs—Oregon's state rock.