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.
Wayne is a Township in Passaic County, New Jersey, United States, located less than 15 miles (24 km) from midtown Manhattan. As of the United States 2000 Census, the township had a total population of 54,069. Wayne was formed as a township by an Act of the New Jersey Legislature on April 12, 1847, from portions of Manchester Township. Totowa was formed from portions of Manchester and Wayne Townships on March 15, 1898. Wayne is home to Willowbrook Mall, Wayne Hills Mall, Wayne Towne Center, and also High Mountain Park Preserve.