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.
Port Washington is a hamlet and census-designated place in Nassau County, New York on the North Shore of Long Island. As of the United States 2000 Census, the community population was 15,215. Port Washington is an unincorporated area within and directly governed by the town of North Hempstead. In broader sense, however, Port Washington includes the communities of Baxter Estates, Manorhaven, Port Washington North, Sands Point, Beacon Hill, Beacon Hill Colony, Manhasset Isle, New Salem, and northern Flower Hill as these areas share the same ZIP code, school and library districts.