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.
Hackensack is a city in Bergen County, New Jersey, United States and the county seat of Bergen County. Although informally called Hackensack, it was officially named New Barbadoes Township until 1921. As of the United States 2000 Census, the city population was 42,677. The Census Bureau's 2006 population estimate projects a population of 43,671. An inner-ring suburb of New York City, Hackensack is located approximately 12 miles (19 km) northwest of Midtown Manhattan. From a number of locations one can see the New York City skyline. The Metropolitan campus of Fairleigh Dickinson University straddles the Hackensack River in both Hackensack and Teaneck. Hackensack is also the home of the New Jersey Naval Museum and the World War II submarine USS Ling. Astronaut Walter Schirra is perhaps Hackensack's most famous native son.