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.
Hermosa Beach is a city in Los Angeles County, California, United States. The population was 18,566 at the 2000 census. 2006 population estimates are 19,435. The city is located in the South Bay region of the greater Los Angeles area and is one of the three Beach Cities. Hermosa Beach is bordered by the other two, Manhattan Beach to the north and Redondo Beach to the south and east. The city's flat sandy beach is ideal for sunbathing, beach volleyball, surfing and paddleboarding. The city itself is only about 15 blocks from east to west and 40 blocks from north to south, with the Pacific Coast Highway running down the middle. Situated on the Pacific Ocean, Hermosa's average temperature is 70 degrees in the summer and 55 degrees in the winter. Gentle westerly sea breezes take the edge off what can be high summertime temperatures in Los Angeles and elsewhere in the county. The same breezes help keep the smog away 360 days of the year. A paved path, called The Strand, runs along Hermosa's beach from Redondo Beach in the south approximately twenty miles north to Santa Monica and the Hermosa Beach pier is at the end of Pier Avenue which is one of the beach community's main and shopping, eating and partying areas. The community is home to lots of beach loving athletes and sun worshippers.