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merger
merger in corporate business, fusion of two or more corporations by the transfer of all property to a single corporation. The remaining corporation continues in existence, having absorbed the other(s). Mergers may be of various types: A vertical merger integrates different types of businesses tha...
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University of Detroit Mercy
University of Detroit Mercy at Detroit; coeducational; Jesuit; est. 1877 as a college, inc. 1881, became a university 1911. The present school was formed with the 1990 merger of the Univ. of Detroit and Mercy College (1941).
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University of Prince Edward Island
University of Prince Edward Island at Charlottetown, Prince Edward Island, Canada; provincially supported; coeducational; founded 1969 with the merger of Prince of Wales College (est. 1834) and St. Dunstan's Univ. (est. 1855). It has faculties of arts, sciences, business administration, education, ...
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Mellon Foundation
Mellon Foundation officially the Andrew W. Mellon Foundation, philanthropic trust formed (1969) through the merger of the Avalon Foundation (est. 1940 by Ailsa Mellon Bruce) and the Old Dominion Foundation (est. 1941 by Paul Mellon). Prior to the merger, the Avalon Foundation distributed funds to h...
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Lower Saxony
Lower Saxony Ger. Niedersachsen , state (1994 pop. 7,480,000), 18,295 sq mi (47,384 sq km), NW Germany. Hanover is the capital. The state was formed in 1946 by the merger of the former Prussian province of Hanover with the former states of Brunswick , Oldenburg , and Schaumburg-Lippe . Situat...
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Carnegie Mellon University
Carnegie Mellon University at Pittsburgh, Pa.; est. 1967 through the merger of the Carnegie Institute of Technology (founded 1900, opened 1905) and the Mellon Institute of Industrial Research (founded 1913). The university includes facilities for nuclear, computer, and educational research. The uni...
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Case Western Reserve University
Case Western Reserve University at Cleveland; coeducational; est. 1967 through the merger of the Case Institute of Technology (chartered 1880, opened 1881) and Western Reserve Univ. (chartered and opened 1826). Case Western Reserve is made up of a liberal arts college, a school of graduate studies,...
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golden parachute
golden parachute a contract given to top executives of a corporation to provide benefits in case of job loss due to a takeover by another firm or a merger. The unusually generous benefits may include substantial severance pay, a one-time bonus payment when employment ends, or stock options.
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University of Newcastle upon Tyne
University of Newcastle upon Tyne at Newcastle upon Tyne, England; established 1937 as King's College as a result of the merger of Armstrong College (1871) and the College of Medicine (1834) of the Univ. of Durham. In 1963 the school gained university status. It has faculties of arts, science, engi...
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Tower Hamlets
Tower Hamlets inner borough (1991 pop. 153,500), of Greater London, SE England. Tower Hamlets was formed in 1965 by the merger of the metropolitan boroughs of Bethnal Green, Poplar, and Stepney. The southern boundary of Tower Hamlets fronts on the Thames and includes some of London's busiest docks....
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