NEW YORK - A company's purchase of substantially all of an asbestos-containing valve company's assets creates sufficient questions regarding whether the purchase constituted a de facto merger, a New York justice held in an opinion posted July 12 (Robert N. Wexler and Betsy Wexler v. A.O. Smith Water Products Co., No. 190223/11, N.Y. Sup., New York Co.; 2012 N.Y. Misc. LEXIS 3233).