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.
Waveland is a city located in Hancock County, Mississippi, on the Gulf of Mexico. It is part of the Gulfport–Biloxi, Mississippi Metropolitan Statistical Area. The City of Waveland was incorporated in 1972. As of the 2000 census, the city had a total population of 6,674. Waveland was nearly destroyed by Hurricanes Camille on August 17, 1969 and Katrina on August 29, 2005 (see below). The current mayor of Waveland is Democrat Tommy Longo.