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.
Tyrone is a borough in Blair County, Pennsylvania, 15 miles (24 km) northeast of Altoona, on the Little Juniata River. Tyrone was of considerable commercial importance in the twentieth century. It was an outlet for the Clearfield coal fields, and it was noted for the manufacture of paper products. There were planing mills, and chemical and candy factories. In 1900, 5,847 people lived here; in 1910, 7,176; and in 1940, 8,845 people resided here. The population was 5,528 at the 2000 census. It is part of the Altoona, PA Metropolitan Statistical Area. It was named after County Tyrone in Ireland. Located along the main lines of the Norfolk Southern and Nittany and Bald Eagle railroads, and US-220, PA-453, and I-99 highways, Tyrone was at one time known as "The Hub of the Highways. " In those days four railroads [Pennsylvania, Tyrone and Clearfield, Tyrone and Lock Haven, Lewisburg and Tyrone] and three main highways [US-220, PA-350, PA-453] converged there. Prior to the development of the railroads through the state, Tyrone was on the Main Line Canal, Juniata Division, of the Pennsylvania Canal system.