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.
Old Orchard Beach is a town and census-designated place (CDP) in York County, Maine, United States. The population was 8,856 at the 2000 census. It is part of the Portland–South Portland–Biddeford, Maine Metropolitan Statistical Area. Located on the inner side of Saco Bay on the Atlantic Ocean, the town is a popular summer beach destination, with an amusement park called Palace Playland (including a large seaside Ferris wheel). The downtown contains many tourist-oriented businesses, including clam shacks and t-shirt shops. A wooden pier on the beach contains many other tourist businesses, including a variety of souvenir shops. The seven mile (11 km) long beach stretching away from the downtown is lined with many beach residential properties, condominiums, motels and bed and breakfasts.