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.
Fort Lauderdale is a city in the U.S. state of Florida, on the Atlantic coast. It is the county seat of Broward County. According to 2007 U.S. Census Bureau estimates, the city had a population of 183,606. It is a principal city of the South Florida metropolitan area, which is home to over 5,413,212 people. The city is a popular tourist destination, with 10.35 million visitors in 2006. Fort Lauderdale is sometimes known as the "Venice of America" because of its expansive and intricate canal system. The city is a major yachting center, with 42,000 resident yachts and 100 marinas and boatyards. The city sits 23 miles north of Miami, Florida. Fort Lauderdale and the surrounding area host over 4100 restaurants and 120 nightclubs. Fort Lauderdale is named after a series of forts built by the United States during the Second Seminole War. The forts took their name from Major William Lauderdale, who was the commander of the detachment of soldiers who built the first fort. However, development of the city did not begin until 50 years after the forts were abandoned at the end of the conflict. Three forts named "Fort Lauderdale" were constructed; the first was at the fork of the New River, the second at Tarpon Bend, in what is now known as the Sailboat Bend neighborhood, and the third near the site of the Bahia Mar Marina.