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.
Pacific Grove is a coastal town in Monterey County, California, USA, with a total population of 15,522 as of the 2000 census. Pacific Grove is located between Point Pinos and Monterey, at an elevation of 151 feet (46 m). Pacific Grove is known for its Victorian homes, Asilomar State Beach, its artistic legacy and the annual migration of the Monarch butterflies. The city is endowed with more Victorian houses per capita than anywhere else in America; some of them have been turned into bed and breakfast inns. The city is also known as the location of the Point Pinos Lighthouse, the oldest continuously-operating lighthouse on the West Coast, Pacific Grove Museum of Natural History, located in the historic downtown, and the Stowitts Museum & Library. It is also known as John Denver's place of death.