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.
Avenal is a city in Kings County, California, United States. Avenal is located 35 miles (56 km) southwest of Hanford, at an elevation of 807 feet (246 m). It is part of the Hanford–Corcoran Metropolitan Statistical Area (MSA Code 25260), which encompasses all of Kings County. In area, it is the largest city in Kings County. The Zip Code for this community is 93204, and telephone numbers use the sequence (559) 386-XXXX. The population was 15,689 in the 2000 census. 7,062 of these residents were inmates at the Avenal State Prison, the first prison actively solicited by a community in the state of California. Many of the remaining residents largely either work at the prison or in the agriculture industry. The prison provides approximately 1,000 jobs to residents. The California Department of Finance estimates that the population of Avenal had grown slightly to 15,871 as of January 1, 2009. The city's motto is "Oasis in the Sun".