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.
Bonanza is a settlement in eastern Utah in southeastern Uintah County. The name refers to a rich mineral strike. Near the community is a coal fired power plant owned by Deseret Power Electric Cooperative. Bonanza is also in the area of the Colorado Plateau where oil drilling and extraction takes place from oil shale and other fossil fuel deposits.