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.
South Lake Tahoe is a city in El Dorado County, California, in the Sierra Nevada Mountains. The population was 23,609 at the 2000 census. The east end of the city, on the California-Nevada state line, is mainly geared towards tourism, with T-shirt shops, restaurants, hotels, and Heavenly Mountain Resort with the Nevada casinos just across the state line in Stateline, Nevada. The city extends about five miles west-southwest along U.S. Route 50, also known as Lake Tahoe Blvd. The western end of town is mainly residential, and clusters around "The Y" (new intersection October 2008), the X-shaped intersection of US 50, State Route 89, and the continuation of Lake Tahoe Boulevard after it loses its Federal highway designation. According to the United States Census Bureau, the city has a total area of 16.5 square miles, of which, 10.1 square miles (26.1 km²) of it is land and 6.4 square miles (16.7 km²) of it (39.03%) is water. Its elevation is about 6,260 feet.