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.
Carmel-by-the-Sea, usually called simply Carmel, is a small town in Monterey County, California, United States, founded in 1902 and incorporated in 1916. Situated on the Monterey Peninsula, the town is known for its natural scenery and rich artistic history. In 1906, the San Francisco Call devoted a full page to the "artists, poets and writers of Carmel-by-the-Sea," and in 1910 it reported that 60 percent of Carmel's houses were built by citizens who were "devoting their lives to work connected to the aesthetic arts. " Early City Councils were dominated by artists, and the town has had several mayors who were poets or actors, including Herbert Heron, founder of the Forest Theater, bohemian writer and actor Perry Newberry, and actor-director Clint Eastwood, who was mayor for one term, from 1986 to 1988. The town is known for being "dog-friendly", with numerous hotels, restaurants and retail establishments admitting guests with dogs. Carmel is also known for several unusual laws, including a prohibition on wearing high-heel shoes without a permit, enacted to prevent lawsuits arising from tripping accidents caused by irregular pavement. These laws, however, are currently not enforced. Carmel-by-the-Sea is located on the Pacific coast, about 330 miles north of Los Angeles and 120 miles south of San Francisco. As of the 2000 census, the town had a total population of 4,081.