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.
Auburn is the county seat of Placer County, California. Its current population is about 13,106. (March 2009) Auburn is known for its California Gold Rush history. One of its most famous citizens was the poet and short-story writer Clark Ashton Smith, who was born in Auburn in 1893 and who lived there most of his life. Born and raised in Auburn, Stacy Dragila was the first to win an Olympic gold medal in women's pole vaulting. Tomas Arana, an actor most notable for his role in Gladiator, was born in Auburn. Also, the town is featured toward the end of British author Anthony Horowitz's book, Nightrise. Auburn is part of the Sacramento–Roseville Metropolitan Statistical Area.