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.
Point Marion is a borough in Fayette County, Pennsylvania, United States. The population was 1,333 at the 2000 census. It is served by the Albert Gallatin Area School District. Point Marion is located at the confluence of the Monongahela and Cheat Rivers. Approximately three miles north of Point Marion is Friendship Hill National Historic Site, home of early American politician Albert Gallatin. Point Marion was settled in the mid-1700s and named in 1842 for its geographic location and Revolutionary War hero Francis Marion, the "Swamp Fox", a South Carolinian who never saw the town. Houze Glass Co. , located in the borough, was the primary employer. The company was founded by Leon Houze, a Belgian immigrant, in 1902 as a glassware manufacturer, but later branched into silkscreen printing and decorating. The company closed in 2004 and the plant later auctioned off.