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.
Panacea is a small unincorporated community in Wakulla County, Florida, United States of America. It is in the Tallahassee metro area. Its elevation is seven feet above sea level. Panacea is an historic fishing and tourist waterfront village located along Dickerson Bay in Wakulla County between the St. Marks National Wildlife Refuge and Apalachicola National Forest southwest of the state capitol of Tallahassee. The establishment of Panacea began with the Panacea Mineral Springs, a concentration of small sulphurous springs known for their ‘healing attributes’. There were hotels, restaurants, health spas, baths, bottled water for drinking, boardwalks, piers and pavilions over the bay, all oriented around the healing power of the springs and bringing prosperity until the Depression. Most of the development was destroyed by a hurricane in 1928, and the springs property soon fell into neglect. For generations commercial fishermen have landed their catches at Rock Landing. The commercial fishing culture has been devastated by the net ban legislation, and the two hundred odd boats that once landed there have been reduced to a mere twenty. The remaining fishermen still land their catches of blue crab, oysters, pink and white shrimp, mullet, trout, and grouper at the county’s Rock Landing dock.