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.
Long Beach is a city in Nassau County, New York. One of Long Island's two cities, it is located on a namesake island, which forms part of the Outer Barrier off Long Island's South Shore. As of the United States 2000 Census, the city population was 35,462. It was incorporated in 1922, and is nicknamed The City By the Sea (as seen in Latin on its official seal). The City of Long Beach is surrounded by the Town of Hempstead to the north, east and west, and the Atlantic Ocean to the south.. Charles T. Theofan is the current city manager, a position which is appointed by the City Council.