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.
Philippi (pronounced 'FILL-uh-pea') is a city in — and the county seat of — Barbour County, West Virginia, USA. The population was 2,870 at the 2000 census. In 1861, the city was the site of the Battle of Philippi, known as "The Philippi Races". Although a minor skirmish, this is considered the earliest notable land action of the American Civil War. Philippi is the home of Alderson-Broaddus College, a four-year liberal-arts college affiliated with the American Baptist Churches. The city has a weekly newspaper, The Barbour Democrat.