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 Lakes is a borough in Bergen County, New Jersey, United States. The Franklin Lakes zip code is 07417. As of the United States 2000 Census, the borough population was 10,422. Franklin Lakes has the 18th-highest per-capita income of all 566 municipalities in the state. Nationwide, Franklin Lakes ranks 17th among the Highest-income places in the United States with a population of at least 10,000. Becton Dickinson and Medco Health Solutions both have their corporate headquarters in Franklin Lakes. Franklin Lakes was formed by an Act of the New Jersey Legislature on March 11, 1922, from portions of Franklin Township, based on the results of a referendum held on April 11, 1922. According to the United States Census Bureau, the borough has a total area of 9.8 square miles, of which, 9.4 square miles (24.5 km) of it is land and 0.4 square miles (1.0 km) of it (3.87%) is water.