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.
Surprise is a city in Maricopa County, Arizona, USA. The population was 30,848 at the 2000 census; however, rapid growth has boosted the city's population to 90,717 by 2007, according to Census Bureau estimates. As such, it is the second fastest-growing municipality in the greater Phoenix metropolitan area, and between 1990 and 2000, it was the sixth fastest-growing place among all cities and towns in Arizona. An estimate released by the city's Demographic and Permit Statistics department showed a population of 109,672 in December 2008.