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.
Clarion is a borough in Clarion County, Pennsylvania, about 100 miles (161 km) north-northeast of Pittsburgh and part of the Pittsburgh DMA. Clarion was settled in 1839 and incorporated in 1841. In the past, the surrounding area produced natural gas, oil, lumber and coal. Merely 2,004 people lived there in 1900, and only 2,864 lived there in 1910. The population was 6,185 at the 2000 census. It is the county seat of Clarion County, Home to the annual Autumn Leaf Festival and Clarion University of Pennsylvania.