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.
Summersville is a town in Nicholas County, West Virginia, United States. The population was 3,194 at the 2000 census. It is the county seat of Nicholas County. Summersville, especially along U.S. Route 19, is well-known as a speed trap. In 2001 the police department of Summersville issued 18,133 tickets. Because of this, the city has been seen on several network TV programs including CNN, CBS, CBC, and the BBC. As late as 2007, the National Motorists Association ranked Summersville as the worst speed trap in the state of West Virginia. The city has been further seen in Money Magazine, USA Today, and dozens of local newspapers in the Midwest. Carnifex Ferry Battlefield State Park is near the town.