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.
Pomona is the fifth largest city in Los Angeles County, California. As of the 2000 census, the city population was 149,473. In 2005, its population was estimated as 160,815. Pomona is home to California State Polytechnic University, Pomona (Cal Poly Pomona) and the Western University of Health Sciences. Pomona College is in neighboring Claremont. The city is the site of the Fairplex, which hosts the L.A. County Fair and the NHRA POMONA RACEWAY Powerade Winternationals Drag Racing competition. and the Automobile Club of Southern California NHRA Finals. Since the 1980s, Pomona's newest neighborhood Phillips Ranch, experienced rapid growth with homes still being built in the hilly area between Downtown and Diamond Bar. Today, Phillips Ranch is nearly all residential. Northern Pomona has seen some gentrification with additional housing units added and revamped streetscapes. Pomona is located in between the Inland Empire and the San Gabriel Valley.