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.
Hernando is a city in central DeSoto County, Mississippi. The population was 6,812 at the 2000 census. The 2006 census estimate reflects a population of 10,580. Hernando is the county seat of DeSoto County, the second-most-populous county in the Memphis metropolitan area. US Hwy 51 and the I-55 freeway traverse the entire city from north to south. Hernando's historic downtown square, which surrounds the county courthouse, sits at the intersection of Commerce St. and US-51.