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.
Polk City is a city in Polk County, Florida, United States. The population was 1,516 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 1,515. It is part of the Lakeland–Winter Haven Metropolitan Statistical Area. Polk City was incorporated in 1925 and, like the county, is named after James Knox Polk, the eleventh president of the United States. Polk City is governed by a five-person council who elect a mayor and vice mayor from their membership. The fictional Orlampa, Florida is in Polk City, the eccentric mayor of Orlampa is Kermit Weeks.