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.
Florence is a city in and the county seat of Lauderdale County, Alabama, United States, in the northwestern corner of the state. According to the 2005 Census Bureau estimates, the city's population was 36,721. Florence is the largest and principal city of the Metropolitan Statistical Area known as "The Shoals". Florence is considered the primary economic hub of northwestern Alabama. Florence was surveyed for the Cypress Land Company in 1818 by Italian surveyor Ferdinand Sannoner, who named it after Florence, the capital of the Tuscany region of Italy. Florence, Alabama was incorporated in 1826. Florence is renowned for its annual tourism events, including W.C. Handy Music Festival in the summer, and the Renaissance Faire in the autumn. Landmarks in Florence include the Rosenbaum House, the only Frank Lloyd Wright-designed home located in Alabama. The type of municipal government is mayor-council. Draft beer became legal in Florence on Saturday, September 1, 2007.