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.
Damascus is a town in Faulkner and Van Buren counties in the central part of the U.S. state of Arkansas. Its portion within Faulkner County is part of the Little Rock–North Little Rock–Conway Metropolitan Statistical Area. The population of Damascus was 306 at the 2000 census. On May 2, 2008, an EF3 tornado passing just north of the town caused extensive damage to the area, killing 0.98% of the population.