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.
Bustins Island is an island in eastern Casco Bay, Maine. The island has approximately 115 summer cottages. Bustins Island operates its own ferry, the Lilly B, that debarks in Harraseeket harbor in Freeport. Typically, the Lilly B operates from Memorial Day Weekend through Columbus Day Weekend. Although physically located within Freeport, Maine, the Bustins Island Village Corporation is a self-governing entity.