2. Imagine you have two serious dents in some stiff plastic sheet. By tapping on the plastic with a hammer, you can't get rid of them, but you can sort of move the dents around. Now imagine that you maneuver the dents towards each other, so they merge into one bigger dent, and as that happens the sheet makes a dull thumping sound as the rigid material snaps into a radically different shape. That's a little like what happened here.

3. Yes, black holes maintain the spin they had before they became black holes (and in fact their angular momentum is vastly increased in the process, just like any spinning thing that reduces its radius).