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.
Albany is the capital city of the state of New York and the county seat of Albany County. Albany is roughly 136 miles (219 km) north of the city of New York, and slightly south of the confluence of the Mohawk and Hudson Rivers. The city sits on the Hudson River and has a major port. As of July 2007, the city had an estimated population of 94,172. Albany has close ties with the nearby cities of Troy, Schenectady, and Saratoga Springs, forming a region called the Capital District, a historic area of the United States. The bulk of this area is made up of the Albany-Schenectady-Troy Metropolitan Statistical Area (MSA), which has a population of 850,957; this MSA is the fourth largest urban area in New York and the 56th largest MSA in the United States. Modern Albany was founded as the Dutch trading posts of Fort Nassau in 1614 and Fort Orange in 1623, and the surrounding community known as Beverwyck. The English renamed the town Albany, in honor of James II, Duke of Albany after they conquered New Netherlands in 1664. A 1686 document issued by Thomas Dongan granted Albany its official charter. After New Amsterdam, Albany is the second-oldest city in the state in terms of its date of incorporation.