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.
Lake Placid is a town in Highlands County, Florida, United States. The U.S. Census Bureau estimated the town's population as 1,878 on 1 July 2007. It is part of the Sebring Micropolitan Statistical Area, which had a 2006 estimated population of 99,349. The town has two nicknames—"Town of Murals" and "The Caladium Capital of the World. " Lake Placid has more than 40 murals painted on buildings throughout the town, and 98 percent of the world's caladium bulbs come from Lake Placid.