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.
Scarborough is a town in Cumberland County on the southern coast of the U.S. state of Maine. The town is a coastal resort area. Located about 7 miles (10 km) south of Portland, Scarborough is part of the Portland–South Portland–Biddeford, Maine Metropolitan Statistical Area. The population was 16,970 at the 2000 census.