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.
Grove City is a borough in Mercer County, Pennsylvania, approximately 50 miles north of Pittsburgh. It is the home of Grove City College, a private conservative Christian liberal arts college as well as General Electric, Instron, USIS, George G. Howe Co. and a number of small businesses. It is also the home to George Junior Republic an all-boys institution. GJR serves to house, school, and treat 400 high school-aged boys from troubled backgrounds. Historically a traditional industrial center, Grove City has manufactured locomotive engines, carriages, gas engines, foundry products, and motor trucks. Over the years Grove City has maintained a small town atmosphere appealing to family life. Recreational facilities and medical facilities are readily available. Grove City has recently completed a revitalization of the downtown district designed to foster economic development. This involved a lengthy beautification initiative targeting the business district, which included the installation of two large community-based murals. The downtown area is composed mainly of small businesses, specialty shops, banking institutions and other service providers. In 1900, the population numbered 1,599; in 1910, 3,674 people lived there; and in 1940, 6,296 people lived there. The population was 8,024 at the 2000 census. Grove City is part of the Youngstown–Warren–Boardman, OH-PA Metropolitan Statistical Area.