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.
Lincoln (also Lincoln City) is a small unincorporated community in northern Sussex County, Delaware, United States. It is part of the Seaford, Delaware Micropolitan Statistical Area. The planner that originally laid out the town planned for it to become the county seat. Lincoln lies on U.S. Route 113 between Ellendale and Milford. The town was never incorporated, however streets were laid out and several businesses and residences came, surrounding the current Norfolk Southern Railway line. Lincoln is the headquarters of the Delaware Coast Line Railroad. Recently there has been a push to incorporate Lincoln, primarily for two reasons. First, the city of Milford is quickly growing towards Lincoln and could eventually envelope the town. Secondly, the Delaware Department of Transportation is developing a Milford By-Pass for US 113 that could divide the small community of Lincoln, effectively cutting off neighbors from each other, as well as causing the removal of several homes and businesses and at least one of the two schools in Lincoln.