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.
Olyphant is a borough in Lackawanna County, Pennsylvania, approximately five miles (8 km) northeast of Scranton on the Lackawanna River in the heart of the anthracite region of the State. Once engaged in the shipping of coal as its main source of employment, Olyphant experienced a severe downturn in the twentieth century. Other industries of the past were the manufacturing of blasting powder, iron and steel goods, cigars, silks, etc. In 1900, the population stood at 6,180 people; in 1910, 8,305; in 1920, 10,326; and in 1940, 9,252. The population was 4,978 at the 2000 census.