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.
Pitcairn is a borough in Allegheny County, Pennsylvania, fifteen miles (twenty-four kilometers) east of Pittsburgh. Early in the 20th century, it was the site of large railroad yards and shops that employed nearly ten thousand men. In 1900, 2,601 people lived there. In 1910, 4,975 lived there, and in 1940, Pitcairn was home to 6,310 people. The population was 3,689 at the 2000 census. Pitcairn operates its own power distribution system and municipally owned cable television system. Pitcairn was the birthplace of bandleader Ted Weems and of musical instrument maker Carl Thompson, as well as early NFL football player Harry Robb. In 1971 the first Fox's Pizza Den was opened on Broadway Blvd. in Pitcairn. It remains open to this day. Pitcairn Yard, which opened in 1892 and was for many decades a major switching yard of the Pennsylvania Railroad, later the Penn Central Railroad and Conrail, is now, since the 1990s, an intermodal freight transport yard for the Norfolk Southern Railway, where containers are taken off trains and transferred to trucks for delivery, or from trucks to trains.