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.
Lillian is an unincorporated community in eastern Baldwin County, Alabama, United States. Lillian sits on the north shore of Perdido Bay. It is the second-largest organized unincorporated community in Baldwin County. As of March 12, 2006, the Mobile Register reported that the community is trying to incorporate itself to stop it from being annexed by the city of Orange Beach, the third fastest growing in Baldwin County, Alabama and first in annexing communities around it. The community was named for Lillian Kee, the daughter of William Thomas Kee, postmaster. Lillian post office was established in 1884. Lillian is part of the Daphne–Fairhope–Foley Micropolitan Statistical Area.