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.
Schenley is a village located within Gilpin Township, Armstrong County, Pennsylvania, United States. Pennsylvania Route 2062 is the main and only highway into the village. Schenley is bordered by the Allegheny River and the Kiskiminetas River. The town is the site of a large industrial park along the Allegheny River that contains many abandoned buildings which formerly comprised Schenley Distillery, which produced whiskey. One of the main businesses in the community is the Kiski Junction Railroad which provides freight service in the area, and also offers rides for tourists.