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.
Westmorland (formerly, Westmoreland) is a city in Imperial County, California, United States. Westmorland is located 8.5 miles (14 km) southwest of Calipatria, The population was 2,131 at the 2000 census. It is part of the 'El Centro Metropolitan Area'. Westmorland is on State Route 86, which was upgraded to a new six-lane highway to reduce its infamous auto accident and fatality risk, while it connects with Brawley, El Centro and Mexicali, Baja California, Mexico. The post office, originally called Westmoreland, opened in 1909, closed in 1912, re-opened in 1919, renamed to Westmorland in 1936. Westmorland incorporated in 1934. From the 1920s through the 1950s Westmorland was the site of illegal gaming establishments and many brothels, but these were later destroyed in an attempt to improve the town's image. Westmorland has dealt with the image of high poverty rates and prior to the 1990s North American Free Trade Agreement (NAFTA) economic boom, a nearly dead farm food shipping industry.