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.
Kenansville, Florida, USA, is an unincorporated community and near-ghost town with a population of just under 1000, a large number of which are over the age of 50, located at the junction of Osceola County Road 523 and U.S. Highway 441 in Osceola County, Florida. The town is named for Mary Lily Kenan Flagler, the wife of the prominent railroad entrepreneur Henry Morrison Flagler. Once a semi-successful place whose economic activity revolved around cattle, Kenansville proved to be too far off the beaten path to be a viable community, especially after Florida's Turnpike, which passes by it, was built without an exit into the community. Children who live in or near the community are bused to St. Cloud area schools, a 45-minute drive away. Former PBR bull rider Tater Porter resides here. The "Heartbreak Hotel" is located in Kenansville. In decades past it got that name for being a very out of the way place where people from nearby cities would sneak away for illicit love affairs. It is still a working hotel and was recently renovated.