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.
Hemet is a city in Riverside County, located in the San Jacinto Valley and it covers a total area of 27.1 square miles (70 km), or about half of the valley, which it shares with its neighbor to the north, the city of San Jacinto. In 2007 the city's population was estimated to be 74,185 according to the California Department of Finance. Hemet was founded in 1887, predating the formation of Riverside County, and was incorporated on January 20, 1910. The formation of Lake Hemet helped the city prosper, and allowed further agricultural growth in the area, as well as population growth. The city is probably best known for being the home of "Ramona", California's official and one of the longest running outdoor plays, having been started in 1923. Hemet has also been named a Tree City USA for 20 years by the Arbor Day Foundation for its dedication to the local forest. The city is also home to the Hemet Valley Medical Center, a 320 bed general hospital.