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.
Langeloth, Pennsylvania is an unincorporated community located in Smith Township, Washington County, Pennsylvania. Langeloth has been assigned the ZIP code 15054. The town has a population of approximately 600. Langeloth began as a coal mining company town. Langeloth has three businesses; Vallina's Market, Riddell/All American, and Langeloth Metallurgical Company. It is also the birthplace of noted former college football coach Barry Alvarez. Langeloth is also home to the regionally renowned Langeloth Softball League, also known as LSB. Games are played at the Gus Barbush Memorial park where hundreds of locals gather to drink beer outside the outfield fence. The league slogan is, "We play fastpitch."