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.
Carlsbad is a coastal resort city located in the North County San Diego section of Southern California. The 2009 population was estimated by the California Department of Finance to be 104,652. Carlsbad was incorporated in 1952, in large part to generate sufficient funding to connect with the water pipeline running through San Diego County, but also to avoid being annexed by Oceanside. It is one of the highest-income places in the United States. The city has drafted ordinances protecting sensitive wildlife habitat, becoming one of the first municipalities in the State of California to do so. The city has also pledged to protect a specified amount of land within the city limits from development of any kind and spends significant funds to restore habitats destroyed by newer development projects. Carlsbad is located between the major cities of San Diego and Los Angeles. Its coastal location, scenic beauty, low population density, thriving commercial sector, abundance of upscale housing, and high performing school districts have made Carlsbad one of the most expensive housing markets in the United States. Land in Carlsbad is a premium; as such, real estate commands prices high even by Southern California standards, with median home prices in the $1 millions in 2007..