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.
Farmerville is a town in and the parish seat of Union Parish, Louisiana, United States. The population was 3,808 at the 2000 census. It is part of the Monroe Metropolitan Statistical Area. The Pilgrim's Pride poultry processing and protein conversion plant in Farmerville was slated for closure early in 2009, along with other company operations in nearby Arcadia in Bienville Parish, Athens in Claiborne Parish, and Choudrant in Union Parish. The closures impacted some 1,300 jobs in North Louisiana. Several weeks later, however, Pilgrim's Pride accepted an $80 million offer from Foster Farms of California to purchase the operations. In addition, to the 1,300 direct jobs, the purchase spares the small farms of some three hundred independent growers. Foster Farms put up $40 million and the State of Louisiana a matching $40 million. Foster Farms will further invest $10 million in capital improvements at the Farmerville plant, to be matched by the state, in an agreement announced by Governor Bobby Jindal.