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.
Mastic is a hamlet in Suffolk County, New York, United States. The population was 15,436 at the 2000 census. Mastic is a community located in the southeast part of the Town of Brookhaven. The hamlet was originally called Forge. The Long Island Rail Road built a station in 1882. In 1893, the name of the town was changed to Mastic. On July 15, 1960, the stop was moved 7010 feet west and renamed Mastic–Shirley. Mastic is served by the William Floyd School District and the Eastport-South Manor Central School District. The Poospatuck Indian Reservation lies entirely within the community, near its southern end.