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.
Ladera Ranch is an unincorporated planned community located in south Orange County, California just outside the city limits of San Juan Capistrano, Rancho Santa Margarita and Mission Viejo. The community has several features that differentiate it from most others. For example, many traffic speed-reducing measures were put into use. Roundabouts, for example, are commonplace on smaller intersections. Narrow street widths are characteristics of Ladera Ranch's small residential streets. Landscaped street medians are common, even on two-lane collector streets like O'Neill and Sienna Parkways. In Ladera Ranch, there are two different types of areas: villages and neighborhoods. Individual builders produce an area that is called a neighborhood. There are ten or more neighborhoods per village, and there are nine villages. Five of the nine villages have clubhouses themed on a particular architecture style that is emphasized within that village. There are also parks, pools, playgrounds and open areas within each village. The Covenant Hills village is a gated community which is closed to the general public, but accessible to all card-carrying residents of Ladera Ranch. There are no other gated villages in the community. In addition to the various clubhouses, the community has key-accessed private water park and skate park, 18 community parks, a dog park, six "plunges" (smaller neighborhood pools not connected to a clubhouse), many "pocket parks"/ green belts and miles of hiking trails that go all the way to Doheny Beach from its main starting point at the prestigious 'Vista Toscana' estate in East Covenant, in the Covenant Hills village.