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.
Belmar is a borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 6,045. The Borough of Belmar is governed under the Faulkner Act (Small Municipality) system of municipal government. What is now Belmar was originally incorporated as Ocean Beach borough by an Act of the New Jersey Legislature on April 9, 1885, from portions of Wall Township, based on the results of a referendum held two days earlier. On April 16, 1889, it became the City of Elcho borough, which lasted for a few weeks until the name was changed to the City of Belmar Borough as of May 14, 1889. The city acquired its current name, Borough of Belmar, on November 20, 1890.