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.
McRae is a town in Telfair County, Georgia, United States. Based on the 2000 census, the town has a total population of 2,682. Between 1990 and 2000, the town experienced a population decrease of 10.8%, compared to the state growth during this period of 26.4%. The town is the county seat of Telfair County. McRae was incorporated March 3, 1874 and was named for a pioneering Scottish family. Located in downtown McRae is Liberty Square, home of a Statue of Liberty replica that is one-twelfth the original's actual size. There is also a copy of the Liberty Bell and a marble memorial to Telfair County residents who died in service. On the outskirts of McRae is the Talmadge Home. This historic site was the home of two former Georgia Governors, Eugene Talmadge and Herman Eugene Talmadge. There is a movie theatre building named for Eugene Talmadge in the downtown area. McRae was also the birthplace of Marion B. Folsom (1893-1976), a longtime executive of the Eastman Kodak Company who served as Secretary of Health, Education and Welfare during the administration of President Eisenhower.