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.
Clay is a town in Onondaga County, New York, USA. As of the 2000 census, the town had a total population of 58,805, making it Syracuse's largest suburb. The town was named after Henry Clay, statesman. The Town of Clay is northwest of Syracuse. It is the largest town in the county and contains part of the Village of North Syracuse, New York. It contains the major retail strip of Syracuse's northwesterly suburbs, along NY-31, including the Great Northern Mall.