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.
Daphne is a city in Baldwin County, Alabama, on the eastern shoreline of Mobile Bay. The city is located just off I-10, 11 miles east of Mobile and 150 miles southwest of the state capital of Montgomery. The 2000 census lists the population of the city as 16,581 making Daphne the most populous city in Baldwin County. The city estimates its present population at approximately 18,000 in 2008. It is a principal city of the Daphne–Fairhope–Foley Micropolitan Statistical Area, which includes all of Baldwin County. The inhabited history of what is now called Daphne dates at least to the Paleo-Indian period and Native American tribes around 9,000 BC. Modern day Daphne is a thriving suburb of nearby Mobile with all the expected amenities of 21st century life.