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.
Paterson is a city in Passaic County, New Jersey, United States. As of the United States 2000 Census, the city population was 149,222. Census population projections indicate a population of 146,545 as of 2007, making it New Jersey's third largest city. It is the county seat of Passaic County. Paterson is known as the "Silk City" for its dominant role in silk production during the later 19th century. Paterson was originally formed as a township from portions of Acquackanonk Township on April 11, 1831, while the area was still part of Essex County. Paterson became part of the newly-created Passaic County on February 7, 1837. Paterson was incorporated as a city on April 14, 1851, based on the results of a referendum held that day. The city was reincorporated on March 14, 1861.