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.
Magna is a census-designated place (CDP) and township in Salt Lake County, Utah, United States. The population was 22,770 at the 2000 census, a moderate increase over the 1990 figure of 17,829. Magna is home to the Kennecott Smokestack, the tallest free-standing structure in the United States west of the Mississippi River according to the Kennecott website.