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.
Allenhurst is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 718. Allenhurst was incorporated as a borough by an Act of the New Jersey Legislature on April 26, 1897, from portions of Ocean Township. Bordered by the Atlantic Ocean to the east and Deal Lake to the west, the borough is within close proximity to New York City and is a stop on the New Jersey Transit North Jersey Coast Line. There are many historic homes in Allenhurst built during the late 19th and early 20th centuries in the Victorian, Tudor, and Colonial styles. Local ordinances have ensured the preservation of historical architecture by enforcing strict guidelines for the renovation of older homes. In 2006, Allenhurst ranked 131 in Forbes magazine's list of the most expensive ZIP codes in the United States. The borough is situated in the center of a string of wealthy communities between Long Branch and Asbury Park.