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.
Grand Isle is a town in Jefferson Parish, Louisiana, located on a barrier island of the same name. The island is at the mouth of Barataria Bay where it meets the Gulf of Mexico. As of the 2000 census, the town population was 1,541; during summers, the population has increased to over 20,000. Grand Isle is part of the New Orleans–Metairie–Kenner Metropolitan Statistical Area. Grand Isle's only land connection to the mainland is via an automobile causeway bridge, near the west end of the island, which connects it to southern Lafourche Parish, Louisiana. To reach the rest of Jefferson Parish by roadway, one has to travel through two different parishes through a total distance of about 95 miles (153 km).