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.
Atlantic City is a city in Atlantic County, New Jersey, United States. Famous for its boardwalk, casino gambling, sandy beaches, shopping centers, view of the Atlantic Ocean, and as the inspiration for the board game Monopoly, Atlantic City is a resort community located on Absecon Island on the Atlantic coast of North America. As of 2008, the city has a population of 35,770, with 266,268 people living in the Atlantic City–Hammonton metropolitan statistical area. Other municipalities on the island are Ventnor City, Margate City, and Longport. The main routes into Atlantic City are the Black Horse Pike, White Horse Pike and the Atlantic City Expressway. Atlantic City borders Absecon, Brigantine, Pleasantville, Ventnor and West Atlantic City (part of Egg Harbor Township). Atlantic City was incorporated on May 1, 1854 by an act of the New Jersey Legislature. The new city contained portions of Egg Harbor Township and Galloway Township. Atlantic City contains distinct neighborhoods or districts. The communities are known as: The North Inlet, The South Inlet, Bungalow Park, the Marina District, Venice Park, Downtown (Midtown), Ducktown, Chelsea, and Chelsea Heights.