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.
Chelsea is a city in Shelby County, Alabama, United States. Chelsea was incorporated on March 1, 1996 with a population of 906. At the 2000 census the population was 2,949. According to U.S. Census Bureau, the 2008 population estimate for Chelsea was 4,303. Chelsea is widely considered the fastest growing city in Shelby County, which is the fastest growing county in the state of Alabama.