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.
Petal is a city in Forrest County, Mississippi, United States, along the Leaf River. It is part of the Hattiesburg, Mississippi Metropolitan Statistical Area. The population is 10,617 per the US Census estimates performed in July 2007. The American Checkers Federation is based in Petal. Tom Walters is from Petal. University of Alabama football legend, Ray Perkins, attended Petal High School where he was an All-American. Petal is also the home town of Jerry Edwards, Executive Vice President of The Home Depot. The current mayor of Petal is Hal Marx.