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.
Foster City is an affluent planned city located in San Mateo County, California, 94404. As of the 2000 census, the city had a total population of 28,803. Foster City is sometimes considered to be part of Silicon Valley for its local industry and its neighboring Silicon Valley cities. Foster City was founded in the 1960s on engineered landfill in the marshes of the San Francisco Bay, on the east edge of San Mateo. The city was named after T. Jack Foster, a real estate magnate who owned much of the land comprising the city and who was instrumental in the initial design. His successor firm, Foster Enterprises, run by his descendants, is still active in real estate affairs throughout the San Francisco Bay area.