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.
Jacksonville is a city in Pulaski County, Arkansas, United States and a suburb of Little Rock. According to 2005 Census Bureau estimates, the population of the city was 30,506, ranking it as the state's 11th largest city, behind Bentonville. It is part of the Little Rock–North Little Rock–Conway Metropolitan Statistical Area. Jacksonville currently has a population of about 31,190 according to the 2007 US Census. The city is named for Nicholas Jackson, landowner who deeded the land for the railroad right-of-way to the Cairo & Fulton Railroad in 1870. The community evolved from the settlement surrounding the railroad depot, eventually incorporating in 1941. In 1941, construction began on the Arkansas Ordnance Plant (AOP), which served as the primary facility for the development of fuses and denonators for World War II. Following the war, AOP ceased operations and the land was sold for commercial interests, including the development of the Little Rock Air Force Base in 1955. Today, portions of AOP still remain including the Arkansas Ordnance Plant Guard House which is on the National Register of Historic Places and the Jacksonville Museum of Military History. Despite Pulaski County being one of the few counties in Arkansas that is not a "dry" county, as it allows the sales of beer and liquor, the municipal limits of Jacksonville are "dry" as it does not allow the sales of alcohol in stores.