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.
Bowstring is an unincorporated community in the Bowstring Lake unorganized territory in Itasca County, Minnesota, United States. It is located about 10 miles north of Deer River on Minnesota State Highway 6. The town name appears on some state maps and on highway signage. The U.S. Postal Service accepts mail addressed to Bowstring, which is held for pickup at a contract post office located at the Bowstring Store. The town is named after nearby Bowstring Lake. Its population is about 121 people. Buildings include a church, the Bowstring Store, the USDA fire warden's office, a community center, and several houses. It also features a telephone booth, which was an important feature up until the arrival of cellular phone service in the area in the 1980s. The town has served travelers, tourists, and the area's few permanent residents since being settled in the 1920s.