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.
Redondo Beach is one of the three Beach Cities in Los Angeles County, California, United States. The population was 63,261 at the 2000 census. The city is located in the South Bay region of the greater Los Angeles area. Redondo Beach was originally part of the 1784 Rancho San Pedro Spanish land grant that later became the South Redondo area. The city's territory has an unusual shape including an area along the beach (South Redondo Beach) and another strip inland from Manhattan Beach and Hermosa Beach (North Redondo Beach). The primary attractions include Municipal Pier and the sandy beach, popular with tourists and a variety of sports enthusiasts. The western terminus of the Metro Rail Green Line is in North Redondo Beach.