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.
Salinas is the county seat and the largest municipality of Monterey County, California. Salinas is located 10 miles (16 km) east-southeast of the mouth of the Salinas River, at an elevation of about 52 feet (16 m) above sea level. The most current estimate from the California Department of Finance sets the 2006 population at about 148,350, showing a small decline since the year 2000. This city is located at the mouth of the Salinas Valley roughly eight miles from the Pacific Ocean and enjoys a mild climate. The climate is also ideal for the floral industry and grape vineyards planted by world-famous vintners. Salinas is known for being an agricultural center and also for being the hometown of the noted writer and Nobel Prize in Literature winner John Steinbeck.