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.
Norvelt is an unincorporated community in Mount Pleasant Township, Westmoreland County, Pennsylvania, United States. Although the United States Census Bureau includes it in a census-designated place with the nearby community of Calumet, they are in reality two very different communities, each reflecting a different chapter in how the Great Depression affected rural Pennsylvanians. Calumet was a typical "patch town", built by a single company to house coal miners as cheaply as possible. The closing of the Calumet mine during the Great Depression caused enormous hardship in an era when unemployment compensation and welfare payments were non-existent. On the other hand, Norvelt was created during the depression by the US federal government as a model community, intended to increase the standard of living of laid-off coal miners.