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.
Proctor (also Austinville or Proctors) is an unincorporated community in northwestern Wetzel County, West Virginia, United States. It lies on West Virginia Route 2 along the Ohio River, north of the city of New Martinsville, the county seat of Wetzel County. Its elevation is 630 feet (192 m). Because the community has borne multiple names, the Board on Geographic Names officially designated it "Proctor" in 1890. Although it is unincorporated, it has a post office, with the ZIP code of 26055.