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.
Ellendale is a town in Sussex County, Delaware, United States. The population was 327 at the 2000 census. It is part of the Seaford, Delaware Micropolitan Statistical Area. Ellendale is the "Gateway to Delaware's Resort Beaches" because it is the city located on U.S. Highway 113, the resort area's western most border, and Delaware Route 16, the resort area's northern most border with the eastern border being the Delaware Bay and Atlantic Ocean and the southern border being the state line with Maryland. Ellendale is home to the Philadelphia Bible College and the Harbor Christian Academy.