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.
Schenectady is a city in Schenectady County, New York, United States, of which it is the county seat. As of the 2000 census, the city had a population of 61,821, making it the ninth-largest city in New York. The name "Schenectady" is derived from a Mohawk word for "on that side of the pinery," or "near the pines," or "place beyond the pine plains. " The city of Schenectady is in eastern New York, near the confluence of the Mohawk and Hudson Rivers. It is in the same metropolitan area as the state capital, Albany; Schenectady is about eighteen miles (29 km) northwest of Albany.