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 town in and the county seat of Pinal County, Arizona, United States. The population was 17,054 at the 2000 census; according to 2005 Census Bureau estimates, the population of the town remained unchanged. The largest Arizona State Prison complex, the Florence complex, is located in the city, and its preserved Main Street and open desert scenery was the setting of the major motion picture Murphy's Romance. There are a total of 9 prisons from the county, state, federal and two private prisons. There are 3 state prisons located in Florence. Florence is home to the annual "Country Thunder" music festival.