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.
Chester is an unincorporated town in Sanpete County, Utah, United States, four miles west of Spring City at the junction of SR-132 and SR-117. The population was 178 at the 2000 census. In the beginning the town was named Canal Creek after the waterway from which the community received its water. Candland then changed the name to Chesterfield after his hometown in England; it was later reduced to Chester.