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.
Lancaster is a city in the South Central part of the Commonwealth of Pennsylvania and is the county seat of Lancaster County. With a population of 55,351, it is the eighth largest city in Pennsylvania, behind Philadelphia, Pittsburgh, Allentown, Erie, Reading, Bethlehem, and Scranton. The metropolitan area population stands at 494,486 making it the 101st largest metropolitan area in the US. Locally, Lancaster is pronounced /ˈlæŋkɨstər/(LANK-ister), rather than the wider American pronunciation.