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.
Sea Isle City is a city in Cape May County, New Jersey, United States. It is part of the Ocean City Metropolitan Statistical Area. As of the United States 2000 Census, the city population was 2,835. Sea Isle City is located on Ludlam Island, which also contains part of Dennis Township. Sea Isle City was originally incorporated as a borough on May 22, 1882, from portions of Dennis Township, based on the results of a referendum held six days earlier. The borough was reincorporated on March 31, 1890. On April 30, 1907, the area was reincorporated as the City of Sea Isle City, based on the results of a referendum held on April 20, 1907.