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.
Northeast Harbor is a village on Mount Desert Island, located in the town of Mount Desert in Hancock County, Maine, United States. It is one of the more remote villages on the island and does not experience the same crunch of tourist activity found in the neighboring town of Bar Harbor. It is recognized as one of the prettiest villages on the coast of Maine, highlighted by a remarkably beautiful harbor filled in summertime with spectacular motor yachts and sailing ships. The town of Mount Desert has a significant summer population, and has long been a quiet enclave of the rich and famous. Residents include David Rockefeller (Seal Harbor), Martha Stewart (Seal Harbor), and the late Brooke Astor and Barbara Bel Geddes. The village was so popular as a summer resort among Philadelphians that it was sometimes known as "Philadelphia on the rocks". The local waters are dotted with charming islands and offer some of the finest sailing conditions in New England. People are drawn to the cooler weather and activities found in Acadia National Park which literally surrounds the village with its thick pine forest crisscrossed by miles of hiking trails and carriage paths.