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.
Waccabuc is a hamlet and lake in Lewisboro, Westchester County, New York. It was first established as a vacation home for the Mead family, for whom the core road of the hamlet, Mead Street, is named. It is mostly known for its lake, Lake Waccabuc, for which the hamlet was named, if it is ever known at all. The Mead family vacation house in Waccabuc has since become the privately owned Waccabuc Country Club, which owns two large stretches of golf-fields and a lake-front. For many years, it held the record for smallest post office in the United States, until an expansion in 2003 cost it that distinction.