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.
Pence Springs is an unincorporated community in Summers County, West Virginia, United States. It lies along the Greenbrier River to the east of the city of Hinton, the county seat of Summers County. Its elevation is 1,539 feet (469 m), and it is located at 37°40′41″N 80°43′30″W / 37.67806°N 80.725°W / 37.67806; -80.725 (37.6781762, -80.7250808). Although it is unincorporated, it has a post office, with the ZIP code of 24962. Once a hot spot for travelers, Pence Springs is now a quiet community home to a large flea market, which is held in the area that was once used as the bottling facility by Andrew Pence. The water that flows from the spring won awards at the St Louis Expo in 1904. In 1918 Pence built a 3 story brick hotel above the spring. It attracted tourists and those wishing to visit the spring. The hotel was used as a state women's prison through the fifties, sixties and seventies. The old resort is currently being occupied by the Greenbrier Academy for Girls. Throughout the years several other hotels/hostels and boarding homes were built, none of which stand any longer. Across the Greenbrier River was the stock yards and the train station combination, that used to be as busy as nearby Hinton. Train service stopped in 1952. There is a small grass landing strip known as the Hinton-Alderson Airport.