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.
Lafayette is a city in and the parish seat of Lafayette Parish, Louisiana, United States, on the Vermilion River. The population was 110,257 at the 2000 census; a 2007 census estimate put the metropolitan area's population at 256,494. It is the fourth largest city in the state. It is the larger principal city of the Lafayette-Acadiana, LA Combined Statistical Area, which, in 2007, had an estimated total population of 538,470. The city was founded as Vermilionville in 1821 by a French-speaking Acadian named Jean Mouton. In 1884, it was renamed for General Lafayette, a French military hero who fought with and significantly aided the American Army during the American Revolutionary War. The city's economy was primarily based on agriculture until the 1940s, when the petroleum and natural gas industry became dominant. Lafayette is the center of the Cajun culture in Louisiana and the US. Lafayette has a strong tourism industry because of the Cajun and Creole cultures of the surrounding region. The cuisine of the region, Cajun cuisine, is one of the most famous regional cuisines in the US.