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.
Northern Cambria is a borough in Cambria County, Pennsylvania, USA. It is part of the Johnstown, Pennsylvania Metropolitan Statistical Area. The population was 4,199 at the 2000 census. The Borough of Northern Cambria was incorporated on January 1, 2000. It was formed from the merger of two smaller municipalities, Barnesboro, Pennsylvania and Spangler, Pennsylvania. The area was first settled by Europeans in the early to middle 1800s. The presence of the West Branch of the Susquehanna River allowed loggers to move their harvest down stream. Small farms developed, but the area changed in the 1890s when mining of the extensive bituminous coal fields in the area became the dominant industry. The mining companies required skilled workers and many came from Great Britain and Eastern Europe. Railroads were built to transport the coal out and the town flourished with the influx of money. In the 1980s the coal industry began a decline and there has been a subsequent decline in the population of the area. In November 1922, the Reilly Shaft No. 1 Mine Explosion occurred, killing 78 coal miners A pumpkin weighing 1,469 lb (666 kg) was grown by resident Larry Checkon in 2005 (a world record at that time).