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.
Peaks Island is the most populous island in Casco Bay, Maine. It is part of the city of Portland and is approximately 5 km (3 mi) from downtown. The island became a popular summer destination in the late 19th century, when it was known as the Coney Island of Maine, home to hotels, cottages, theaters, and amusement parks.