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.
Rushland, in the northwestern corner of Wrightstown Township, Pennsylvania, was originally known as Sackett's Ford. Joseph Sackett built a grist mill store, and blacksmith shop near the Mill Creek where it joined the Neshaminy Creek. Some authorities claim that the name of the hamlet, first Rush Valley and later Rushland was due to the availability of "scouring rushes" used by early settlers for cleaning pots and pans. Located along the Mill Creek near Rushland was a settlement started by Italian immigrants who came to the area as laborers when the railroad was being built in the last decade of the nineteenth century. Their community became known as Little Italy. By forcing its way through a rocky cliff, the railroad opened a major industry for Rushland, the stone quarry, an industry that continues to this day.