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.
Tobyhanna is an unincorporated community in Monroe County, Pennsylvania, United States. From about 1900 to 1936, Tobyhanna lakes were the site of active ice industries. The ice was cut from the lakes during the winter and stored in large barn-like structures. During the rest of the year, the ice was added to railroad boxcars hauling fresh produce and meats destined for East Coast cities. In 1912, Tobyhanna had a railway station, telegraph, and post office, and so the federal government acquired land within Tobyhanna that became the Tobyhanna Military Reservation, later Tobyhanna Army Depot, which was used as an Artillery training ground. In the summer of 1916 Edward B. Reed recorded the following quote about Tobyhanna in The Field Artillery Journal January-March 1917 of the experiences of the Yale Batteries during their training. "The camp at Tobyhanna is on a rocky, treeless crest from which no trace of man is visible. About are mountains and uncultivated valleys. The village of Tobyhanna is interesting only because it contains a station that enables you to leave it. No better place for work could be found. " In recent years, due to its location between the New York and Philadelphia metropolitan areas, and construction of new homes by developers, many families from these areas decided to move to the Poconos. Many of Tobyhanna's residents choose to commute to the city each day.