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.
Franklin is a Borough in Sussex County, New Jersey, United States. As of the United States 2000 Census, the borough population was 5,160. Franklin, known as the "Fluorescent Mineral Capital of the World," is located over a rich ore body containing more than 150 minerals, many of them fluorescent and 25 of which are found no where else on earth. Settled in the 1600s, the village known as Franklin Furnace after Benjamin Franklin, developed near iron mines and iron smelting operations located along the Wallkill River. In the early 1800s, zinc deposits in the area began to be developed commercially. For most of the century many small companies mined zinc and iron in the Franklin area. In 1897 all zinc mining efforts merged into the New Jersey Zinc Company The Zinc company was a major controlling factor in the development of Franklin. Immigrants from Russia, Britain, Hungary and Poland joined the work force at the mine. The population, 500 in 1897, had swelled to 3,000 by 1913. On March 18, 1913, the Borough of Franklin was incorporated from portions of Hardyston Township, based on the results of a referendum held on April 23, 1913.