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.
Galeton is a borough in Potter County, Pennsylvania, United States, 50 miles (81 km) southeast of Bradford. Light industries such as knitting mills and a tannery have existed in Galeton. In 1900, 2,415 people lived in Galeton, and 4,027 people lived there in 1910. The population was 1,325 at the 2000 census.