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.
Crane is an unincorporated community in Harney County, Oregon, United States, northeast of Malheur Lake on Oregon Route 78. Crane was named for the prominent local features Crane Creek and Crane Creek Gap. Crane Creek Gap is the pass between the Harney Basin and the drainage basin of the South Fork Malheur River. Crane Creek is probably named for the Sandhill Crane, which was once abundant in Eastern Oregon. Crane post office was established in 1895 and discontinued in 1903. When the Union Pacific railroad was completed from Ontario, Oregon in 1916, the post office was reopened. Until the railroad was finished to Burns in 1924, Crane was an important livestock shipping point, and the town was thriving with its five restaurants, four hotels, three garages, two general merchandise stores, a warehouse, a lumber yard, livery stables, a dance hall, a newspaper, a bank and a movie theater. After a series of fires, the latest in 1938, however, the town never returned to its former prosperity. Today a post office, a service station/tavern, and a farm supply store are the only businesses in Crane.