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.
Plankinton is a city in Aurora County, South Dakota, United States. The population was 601 at the 2000 census. It is the county seat of Aurora County. Plankinton was named for Milwaukee meatpacker and hotel owner John Plankinton, a friend of Alexander Mitchell, the President of the Milwaukee Road. Plankinton was home to an annual wheat palace, which became a successful regional attraction and inspired the Corn Palace in nearby Mitchell, South Dakota.