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.
Sprankle Mills is a small unincorporated rural community in Jefferson County, Pennsylvania, United States. It is located between the boroughs of Punxsutawney and Brookville. Sprankle Mills was founded in 1833 by Frederick Sprankle who owned a mill in the middle of town. Primarily a farming community this town, in the mid to late 1800s, had two general stores, a post office and a one room school house. The post office, which was located in one of the general stores, was a working post office until the late 1980s. While the one-room school house is still standing it is primarily used as a gathering place for residents during occasions such as the first day of fishing season and on voting days. The last class of students to use the building as a school was in 1962. This small farming community consisted of German settlers. Some of the original residents have ancestors occupying the original homesteads. Some of these names include: Raybuck, Mottern, and Mauk.