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.
Elmwood Park is a borough in Bergen County, New Jersey, United States. As of the United States 2000 Census, the borough population was 18,925. Prior to 1916, the area was known as Dundee Lake, a section of Saddle River Township. Residents of the Dundee Lake area voted on April 18, 1916, to secede from Saddle River Township to form the Borough of East Paterson. In 1917, residents of the Rosemont section of Saddle River Township voted to be annexed to East Paterson. In November 1972, residents voted to change the name of the Borough to Elmwood Park. The new name became official on January 1, 1973.