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.
Sarepta is a town in Webster Parish, Louisiana, United States. The population was 925 at the 2000 census. It is part of the Minden Micropolitan Statistical Area. Sarepta was named for the town's first church's benefactor, Sarepta Carter. Local history tells that Mrs. Carter donated a Bible to the community church on the premise the church be named for her. Years later the church split, causing the original name to be changed to Old Sarepta, and the new church to be designated as New Sarepta.