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.
Armonk is a hamlet and census-designated place (CDP) located in the town of North Castle in Westchester County, New York. As of the 2000 census, the CDP population was 3,461. Armonk is home to the global headquarters of information technology company IBM and bond insurer MBIA, and the Americas headquarters of reinsurer Swiss Re. Smith's Tavern, an historical site and landmark of the Revolutionary War, is located in Armonk and is the home of the North Castle Historical Society. The North Castle Public Library, a member of the Westchester Library System, is also located in Armonk.