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.
Palm Desert is a city in Riverside County, California, United States, in the Coachella Valley, approximately 11 miles (18 km) east of Palm Springs. The population was 41,155 at the 2000 census. Other cities in the Coachella Valley are Cathedral City, Coachella, Desert Hot Springs, Indian Wells, Indio, La Quinta, Palm Springs, and Rancho Mirage. The city was one of the state's fastest growing in the 1980s and 1990s, beginning with 11,801 residents in 1980, doubling to 23,650 in 1990, 35,000 in 1995, and nearly double its 1990 population by 2000. A major center of growth in the Palm Springs area, Palm Desert is a popular retreat for "snowbirds" from colder climates (the Eastern and Northern US, and Canada), who swell its population by an estimated 31,000 each winter. In the past couple of years Palm Desert has seen more residents become "full-timers" (mainly from California, who have come for affordable but high-valued home prices).