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.
Hacienda Heights is an unincorporated census-designated place in Los Angeles County, California, United States. As of the 2000 census, the community had a total population of 53,122. In 2003, voters were asked to decide whether the community should incorporate and become a city. Proponents argued that a new city would be able to better control development and provide increased police and fire service, while opponents argued that the new city would increase taxes and redevelop residential neighborhoods for revenue-generating businesses. Most of the prime commercial land had already been annexed by the City of Industry to escape taxes levied by the County on unincorporated areas. Ultimately the measure failed by about a 2-1 margin.