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.
Altoona is a city in Blair County, Pennsylvania, United States. It is the principal city of the Altoona, PA MSA. The population was 47,176 at the 2006 census estimate, making it the ninth most populous city in Pennsylvania, after Philadelphia, Pittsburgh, Allentown, Erie, Reading, Scranton, Bethlehem, Lancaster and Harrisburg. The Altoona MSA includes all of Blair County and had an estimated population of 125,527 in 2007, according to the U.S. Census. Having grown around the railroad industry, the city is currently working to recover from industrial decline and urban decentralization experienced in recent decades. The city is home to the Altoona Curve baseball team of the Double A Eastern League, which is the Double A affiliate of the Pittsburgh Pirates. It also houses the 75+ year-old Altoona Symphony Orchestra, under the direction of Teresa Cheung. Prominent landmarks include the Horseshoe Curve, the Railroaders Memorial Museum, the Mishler Theatre, the Cathedral of the Blessed Sacrament, and the Jaffa Mosque. Altoona is also the home of the Sheetz headquarters. Sheetz is one of the largest convenience store and gas station chains in the country, with stores in Pennsylvania, Maryland, Ohio, West Virginia, Virginia, and North Carolina. Because of this, many Sheetz stores are located in and around Altoona.