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.
Spring City is a city in Sanpete County, Utah, United States. The population was 956 at the 2000 census. Spring City is becoming increasingly known as an artist community. Many excellent examples of Mormon pioneer architecture exist throughout the town. One notable historical point, Orson Hyde, an apostle of The Church of Jesus Christ of Latter-day Saints is buried in the Spring City Cemetery.