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.
Soledad meaning solitude and lonely in Spanish is a city in Monterey County, California, United States. Soledad is located 25 miles (40 km) southeast of Salinas, at an elevation of 190 feet (58 m). The population was 28,075 for the 2006 intercensal estimate. The town is located near the original Spanish mission, Mission Nuestra Señora de la Soledad, founded October 9, 1791 by Fermín Francisco de Lasuén, the 13th of 21 missions in the California mission chain. Soledad is located in one of the premiere wine grape growing regions of California with over twenty vineyards and wineries within a thirty mile radius, several of which have tasting rooms and offer a wide selection of wines for sale. Some of the Vineyards and Wineries located nearby are Chalone, Scheid, Paraiso Vineyards, Pisoni Vineyards, Hahn Estates Smith & Hook, San Saba, J. Lohr, Kendall-Jackson, Ventana, Hess Select, Estancia, The Michaud Vineyard, and Graff Family Vineyards. Also located near Soledad is the Salinas Valley State Prison, a maximum security penal institution which includes a 64 bed inpatient psychiatric program primarily servicing high security inmates who have a major mental disorder that has diminished their ability to function within the prison environment. Adjacent to it is the medium security Correctional Training Facility.