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.
Established in 1859, the historic Town of Breckenridge is a Home Rule Municipality that is the county seat of Summit County, Colorado, United States. As of the 2000 Census, the town had a population of 2,408. The town also has many part-time residents, as many people have vacation homes in the area. Breckenridge is also a popular ski resort during the winter months, servicing multi-difficulty ski slopes on the Rocky Mountains. Summer in Breckenridge attracts outdoor enthusiasts with hiking trails, wildflowers, fly-fishing in the Blue River, mountain biking, nearby Lake Dillon for boating, white water rafting, alpine slides, and several shops up and down Main Street. Every year, Breckenridge hosts the Breckenridge Festival of Film, established in 1981, as well as an annual Fourth of July parade. Breckenridge has recently passed a law legalizing the possession of up to one ounce of cannabis.