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.
Pebble Beach is an unincorporated community in Monterey County, California. It lies at an elevation of 3 feet (1 m). Pebble Beach is a small coastal resort destination, home to the famous golf course, Pebble Beach Golf Links. Technically, Pebble Beach is not a city at all, but rather a corporation owned by the Pebble Beach Company, a subsidiary of Plaut Inc. Residents therefore pay homeowners' fees for road maintenance as well as Monterey County property taxes. The community's post office is named Pebble Beach, but the U.S. Census Bureau aggregates census returns from Pebble Beach as part of the larger census-designated place of Del Monte Forest. The area is also partly administered by the Del Monte Forest Foundation, a non-profit organization designated by Monterey County and the California Coastal Commission, and comprising a volunteer board of 12 members working to preserve the open space within the Del Monte Forest. Except for two representatives of the Pebble Beach Company, all must be property owners and residents of the Forest. The ZIP Code is 93953, and the community is inside area code 831.