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.
Coatesville is the only city in Chester County, Pennsylvania, United States. The population was 10,838 at the 2000 census. Coatesville grew up around the Lukens Steel Company. Lukens was bought by the Bethlehem Steel Corporation in 1997. In 2002, Bethlehem was bought by the then Ohio-based International Steel Group (ISG). Later, Mittal Steel bought ISG and then merged with Arcelor Steel to form the ArcelorMittal company.