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.
Pompton Lakes is a borough in Passaic County, New Jersey, United States. As of the United States 2000 Census, the borough population was 10,640. Pompton Lakes was formed as a borough on February 26, 1895, from portions of Pompton Township, based on the results of a referendum held three days earlier. Pompton Lakes was the first borough to be formed in Passaic County, as the "borough fever" that had struck elsewhere hit the county. The newly-formed borough did not acquire territory from more than one township, which would have entitled Pompton Lakes to a seat on the Board of Chosen Freeholders. Three rivers, the Ramapo, Pequannock and Wanaque, run through the Borough, providing many relaxing year-round activities for Pompton residents.