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.
Freeport is a borough in Armstrong County, Pennsylvania, United States; it is situated along the Allegheny River. The population was 1,962 at the 2000 Census. Freeport received its name from David Todd, who declared it to be a free-port where no man would be charged to tie up rafts, boats, or barges. Freeport was formerly a port on the now defunct Pennsylvania Canal.