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.
Wales is a town in Sanpete County, Utah, United States. The population was 219 at the 2000 census. The town is governed by a mayor and several council members. As of December 2008, Wales had no stores, gas stations nor stop lights. It does have a park, fire station, library and cemetery. The small mining town of Wales was named for the country of the immigrants that were sent there by Brigham Young in 1859 to mine the "rock that burns". A Native American Indian named Tabiyuna, a prominent Ute, had shown Young, then president of The Church of Jesus Christ of Latter-day Saints, a small sample. Young recognized it as coal and asked if any of his group knew how to mine the coal. The Welsh immigrants, having experience with coal mining in the U.K. , were sent to the west side hills to set up mines. The community's original name was Coal Bed, but was changed to Wales in 1869. There once was a railroad depot and it was an important and busy mining center. The mines and town were abandoned when more productive mines were discovered in Scofield, Utah. Many of the present residents are descendants of the original miners. Wales lies on the west side of the Sanpete Valley, at the foot of the Sanpitch Mountains.