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.
Seaside Park is a Borough in Ocean County, New Jersey, United States. As of the United States 2000 Census, the borough population was 2,263. Seaside Park is situated on the Barnegat Peninsula, a long, narrow barrier peninsula that separates Barnegat Bay from the Atlantic Ocean. The first inhabitants of the Barrier Island were American Indians who came in search of fish, crabs, clams, and scallops. They called this area "Seheyichbi," meaning land bordering the ocean. The Atlantic Ocean provided more than food, these people began using shells in place of wooden beads as their form of currency. These Native Americans, who stayed during the summer and went inland for winter, were part of the principal Algonquin tribe. This tribe lived mainly in and around the North American Seaboard. The Algonquins in New Jersey called themselves Lenni-Lenape, which means "original people. " What is now Seaside Park was a section of Dover Township (now known as Toms River Township) until the creation of Berkeley Township in 1875. The area then became known as the “Sea Side Park” section of Berkeley Township. Over the next twenty-five years, lots were sold, houses and roads were built, and the population of Seaside Park began to slowly grow. On March 3, 1898, New Jersey Senate President Foster M. Voorhees, the acting Governor of New Jersey, signed a bill incorporating “Sea Side Park” as an independent borough, created from portions of Berkeley Township. Originally, the town ran from 14th Avenue to North Avenue, about half its present size. An area known as the Berkeley Tract, north of the original area of the borough, was annexed on or about May 12, 1900. As the community grew, the name of the borough lost a space. In 1914, a newly-appointed municipal clerk wrote the name of the town as “Seaside Park” in the council minutes. This practice continues to this day.