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.
Orem is a city in Utah County, Utah, United States, in the north-central part of the state. It is adjacent to Provo, Lindon, and Vineyard and is about 45 miles (72 km) south of Salt Lake City. Orem is one of the principal cities of the Provo-Orem, Utah Metropolitan Statistical Area, which includes all of Utah and Juab counties. The population was 84,324 at the 2000 census, while the 2008 estimates placed it at 93,250. , making it the sixth-largest city in Utah. Utah Valley University is located in Orem. The Orem Owlz of the minor league baseball Pioneer League play their home games at the college. Orem uses the moniker "Family City USA". At one time the area was known as Sharon, a Biblical name for a mostly level strip of land running between mountains and the sea and the name of the birth town of The Church of Jesus Christ of Latter-day Saints founder Joseph Smith. Another former name was Provo Bench. In an apparent attempt to attract more investment to the town, in 1914 it was named after Walter C. Orem, who operated a railroad line in the area. Orem was incorporated in 1919.