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.
Foley is a city in Baldwin County, Alabama, United States. The 2000 census lists the population of the city as 7,590. "Census 2000 Demographic Profile Highlights" (for Foley, AL), US Census Bureau, 2007, webpage: US-Census-FoleyAL. Foley is a principal city of the Daphne–Fairhope–Foley Micropolitan Statistical Area, which includes all of Baldwin County.