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.
East Rutherford is a borough in Bergen County, New Jersey. As of the United States 2000 Census, the borough population was 8,716. It is an inner-ring suburb of New York City, located 7 miles west of Midtown Manhattan. By an act of the New Jersey Legislature on April 17, 1889, a portion of the old Union Township was incorporated under the name of Boiling Springs Township. The new township took its name from a spring in the community. On March 28, 1894, the Borough of East Rutherford was created, based on the results of a referendum held the previous day, and Boiling Springs Township was dissolved. While there was no change in its borders, the name and form of government were changed. East Rutherford's claim to national fame is that it is the home of the Meadowlands Sports Complex, which includes the Izod Center, where the National Basketball Association's New Jersey Nets play their home games, and Giants Stadium, home of the National Football League's New York Giants and New York Jets, as well as Red Bull New York of Major League Soccer (until 2010, when the Red Bulls will move to Harrison). This makes East Rutherford the only municipality with fewer than 10,000 residents to have been home to five professional sports teams simultaneously.