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.
Chester is a city in Delaware County, Pennsylvania, with a population of 36,854 at the 2000 census. Chester is situated on the Delaware River, between the cities of Philadelphia and Wilmington, Delaware. The city is home to PPL Park, a soccer-specific stadium being constructed at the southwesterly corner of the Commodore Barry Bridge. Since Chester is part of the greater Philadelphia region, the stadium will host Philadelphia Union of Major League Soccer and the Philadelphia Independence of Women's Professional Soccer.