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.
Clarence is a village in Natchitoches Parish, Louisiana, United States. The population was 516 at the 2000 census. It is located some seven miles east of the parish seat of Natchitoches and is part of the Natchitoches Micropolitan Statistical Area. Still owned by descendants of its founders, Grayson Barbeque, with a smokehouse, is the best known business in Clarence. It is located on U.S. Highway 71 near the intersection with U.S. Highway 84, which leads to Winnfield. Clarence Baptist Church was founded by thirty charter members in 1945, but its sanctuary on Louisiana Highway 6 dates to the pre-World War I era, having been the chapel of the former Camp Claiborne, a United States Army facility near Alexandria in Rapides Parish. The chapel was physically moved to Clarence in 1948, dedicated in 1949, bricked during the 1950s, and still serves as a worship center, having undergone complete remodeling in 2002. The balcony, now a storage area, was used by African American troops who were segregated in worship from white soldiers who used the pews of the lower tier. The church has a baptistry and maintains a parsonage across the highway. Since 2003, the pastor has been the Reverend Harry Bamburg, the 21st man to hold the position. Among previous pastors is William A. Poe (born 1926), formerly an historian with Northwestern State University in Natchitoches who has retired to his hometown of Tuscaloosa, Alabama.