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.
Westminster is a city in Oconee County, South Carolina, United States. It was started mostly as a station on the Southern Railway. Then as stores, shops and factories started to set up around the train stop, it bloomed into a decent-sized town. Its peak of expansion came in the 1920s. The population was 2,743 at the 2000 census. The train depot, which is on the National Register of Historic Places, burned due to vandalism in 2005. It has been rebuilt. Westminster is home to several industries; among them are Beacon Blankets (formerly a division of Pillowtex, now a division of Faribault Woolen Mills), and a US Engine Valve plant.