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.
Milton (formerly known as Scratch Ankle, for its propensity to grow briars, or Milltown, because Milton had the largest mill around) is a city in Santa Rosa County, Florida, United States. The city was incorporated in 1844 and is home to Naval Air Station Whiting Field. The population was 7,045 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 8,044 . It is the county seat of Santa Rosa County. It was also called "Scottman's Anchorage" for the many lumber barges that traversed the Blackwater River - thus lending the further support of the nickname "Scratch Ankle" (Scottsman's Anchorage - Scratch Ankle). Milton is part of the Pensacola–Ferry Pass–Brent Metropolitan Statistical Area.