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.
Torrey is a town located on State Route 24 in Wayne County, Utah, eight miles from Capitol Reef National Park. As of the 2000 census, the town had a total population of 171. The town was established in the 1880s by Mormon settlers, and was initially known as Youngtown, after John Willard Young; it is generally held to be named after Jay L. Torrey from Pittsfield, Illinois. Torrey was a member of the Wyoming legislature, who, upon the advent of the Spanish-American War, achieved national attention by proposing the creation of what became three volunteer cavalry regiments, made up of cowboys and stockmen. Torrey was commissioned Colonel of the 2nd Regiment, the "Rocky Mountain Riders"; the 1st Regiment, the only regiment to see action, was better known as the Rough Riders.