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.
Monticello,, is a city located in San Juan County, Utah, and is the county seat. It is the second most populous city in San Juan County, with a population of 1,958 at the 2000 census. The Monticello area was settled in July 1887 by pioneers from The Church of Jesus Christ of Latter-day Saints. Monticello, named in honor of Thomas Jefferson's estate, became the county seat in 1895 and was incorporated as a city in 1910. Monticello, along with much of San Juan County, experienced an increase in population and economic activity during the uranium boom from the late 1940s to the early 1960s. Several uranium and vanadium mines were opened in the area, and a uranium processing mill was operated in Monticello by the Federal Government from 1948 to 1960. Following the uranium boom, a massive cleanup project was conducted by the U.S. Department of Energy from 1989 to 2004 to remove radioactive material from lands and buildings and to restore the land formerly occupied by the mill. An 18 hole golf course, The Hideout, was built near the reclaimed site of the uranium mill using DOE cleanup funding in 2000. The Hideout has been ranked No. 2 Golf Course in Utah and the No. 23 Municipal Golf Course in the U.S. In 1998, The Church of Jesus Christ of Latter-day Saints dedicated the Monticello Utah Temple, the first in a series of mini temples and the 53rd temple for the Church. Monticello rests at the base of the Abajo Mountains on the Colorado Plateau. It is the gateway to the Needles District of Canyonlands National Park.