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.
Thorndale is a village in Chester County, Pennsylvania, United States. The population was 3,561 at the 2000 census. Thorndale is the commercial and administrative center of Caln Township. The village sits along US Business 30, which is the major commercial road through the village. Many of the old houses that were Thorndale have fallen into disrepair and have been torn down and replaced with new business from the late 1990s to present. Thorndale is historically notable for containing a summer house of US President James Buchanan, which still stands and has been incorporated into a golf course and turned into a restaurant. It contains the Thorndale Fire Station and Caln Elementary School, part of the Coatesville Area School District. Thorndale sits along the SEPTA R5 line and is currently the last station on that line. It is also serviced by the Rover bus system.