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.
Merced /mərˈsɛd/ is the county seat of Merced County, California in the San Joaquin Valley of Central California. As of 2007, the city had a total population of 80,608. Incorporated in 1889, Merced is a charter city that operates under a council-manager government. It is named after the Merced River, which flows nearby. Merced, known as the "Gateway to Yosemite", is less than two hours by car from Yosemite National Park to the east and to the west is Monterey Bay, the Pacific Ocean, and miles of beaches. The community is served by the rail passenger service Amtrak, a major airline through Merced Regional Airport, and three bus lines. It is approximately 110 miles from Sacramento, 130 miles from San Francisco, and 270 miles from Los Angeles. In 2005, the city became home to the tenth University of California campus, University of California, Merced (UCM), the first research university built in the U.S. in the 21st century.