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.
Delano (pronounced deh-LAY-noh) is a small city in Kern County, California, United States. Delano is located 31 miles (50 km) north-northwest of Bakersfield at an elevation of 315 feet (96 m). The population was 38,824 at the 2000 census. As of 2009, Delano's population is estimated to be 53,972. It is Kern County's second largest city after Bakersfield. Agriculture is Delano's major industry. The area is particularly well known as a center for the growing of table grapes. Delano is also home to two California state prisons, North Kern State Prison and Kern Valley State Prison. The Voice of America once operated its largest, most powerful shortwave broadcast facility outside Delano at 35°45′15″N 119°17′7″W / 35.75417°N 119.28528°W / 35.75417; -119.28528. However, the Voice of America ceased broadcasts in October 2007, citing a changing political mission, reduced budgets, and changes in technology. Delano's two school districts currently operate eight elementary schools, three middle schools, three comprehensive high schools and two alternative high schools. The city has its own police department and contracts with the Kern County Fire Department for fire services, EMS services are privately provided by local company, Delano Ambulance Service. Delano maintains a "sister city" relationship with the town of Arida, Wakayama, Japan