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.
Scottdale is a borough in Westmoreland County, Pennsylvania, 49 miles (79 km) southeast of Pittsburgh. Scottdale is the home of the Southmoreland Scotties. Early in the twentieth century, Scottdale was the center of the Frick coke interests. It had steel and iron pipe mills, brass and silver works, a casket factory, a large milk-pasteurizing plant, and machine shops; all of the aforementioned are presently defunct. Scottdale is notable for its economic decline from a formerly prosperous coke-town into an archetypal Rust Belt town. Duraloy Technologies, "a supplier of specialty high alloy, centrifugal and static cast components and assemblies" is the last remnant of Scottdale's steel related prosperity. In 1900, 4,261 people lived in Scottdale; in 1910, the population increased to 5,456; and in 1940, 6,493 people lived in Scottdale. The population was 4,772 at the 2000 census.