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.
Franklinton is a town in and the parish seat of Washington Parish, Louisiana, United States. The population was 3,657 at the 2000 census. It is an average of 155 feet (47 m) above sea level. Located 61 miles (98 km) north of New Orleans, the town's name is pronounced locally as "Frank-lin-ton" or "Frank-il-ton. " Franklinton is part of the Bogalusa Micropolitan Statistical Area. A Franklinton physician, Jerry Thomas, represented Washington Parish in the Louisiana House of Representatives from 1988-1999 and then served from 1999-2004 in the District 12 seat in the state senate, having succeeded Phil Short of Covington, who resigned. Dr. Thomas was the Washington Parish coroner from 1980-1988.