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.
Port Carbon is a borough of Schuylkill County, Pennsylvania, two miles (3 km) northeast of Pottsville, Pa. It is in a coal-mining area; in the past, ironworks had been a feature of the borough. In 1900, 2,168 people lived here; in 1910, 2,678 people were inhabitants of Port Carbon. The population was 2,019 at the 2000 census.