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.
For the Kia Motors Sedona automobile, see Kia Carnival Sedona is a city and community that straddles the county line between Coconino and Yavapai counties in the northern Verde Valley region of the U.S. state of Arizona. According to 2005 Census Bureau estimates, the population of the city is 11,220. Sedona's main attraction is its stunning array of red sandstone formations, the Red Rocks of Sedona. The formations appear to glow in brilliant orange and red when illuminated by the rising or setting sun. The Red Rocks form a breathtaking backdrop for everything from spiritual pursuits to the hundreds of hiking and mountain biking trails. Sedona is named after Sedona Miller Schnebly (1877–1950), the wife of the city's first postmaster, who was celebrated for her hospitality and industriousness.