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.
Port Republic is a city located in Atlantic County, New Jersey. As of the United States 2000 Census, the city had a total population of 1,037. Port Republic was settled as early as 1637, but a charter was not applied for until founders Evi Smith, Hugh McCullum, and Richard Wescoat applied for a Royal Charter to build a dam, sawmill, and gristmill on their land along Nacote Creek.. In its early days Port Republic was known as Wrangleboro. During the American Revolutionary War, Port Republic provided refuge to the residents of the nearby community of Chestnut Neck when the British Army sacked their town on October 6, 1778. Among the refugees was Daniel Mathis, a tavernkeeper who built the Franklin Inn in Port Republic, which is a private house today. Most memorable revenge that was visited on the British navy was when some ships were trapped in the creek by the ebb tides.. Port Republic was Incorporated as a city by an Act of the New Jersey Legislature on March 1, 1905, from portions of Galloway Township.