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.
Clifton is a city in Passaic County, New Jersey, United States. As of the United States 2000 Census, the city had a total population of 78,672. Clifton was incorporated as a city by an Act of the New Jersey Legislature on April 26, 1917, replacing Acquackanonk Township, based on the results of a referendum held two days earlier. Clifton is listed under five different zip codes (07011, 07012, 07013, 07014, 07015).