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.
Clermont is a city in Lake County, Florida, United States, west of Orlando. The population was 9,333 at the 2000 census. The City is essentially residential in character and its economy is primarily centered in retail trade as well as lodging and food and beverage establishments, which are tourism oriented. The historic downtown district is still much as it was 50 years ago and is a beautiful location for Clermont's many community events. It is part of the Orlando–Kissimmee Metropolitan Statistical Area. The Florida Citrus Tower, one of the first constructed Florida landmarks, is located in Clermont. The tower celebrated its 50th anniversary in December 2006.