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.
Philadelphia is the largest city in Pennsylvania and the sixth-most-populous city in the United States. In 2008, the population of the city proper was estimated to be over 1.54 million, while the, Modern Greek: [filaˈðɛlfia], "brotherly love" from φίλος,, and ἀδελφός (adelphos, brother). A commercial, educational, and cultural center, the city was once the second-largest in the British Empire, and the social and geographical center of the original 13 American colonies. Ben Franklin took a large role in Philadelphia's early rise to prominence. It was in this city that many of the ideas, and subsequent actions, gave birth to the American Revolution and American Independence, making Philadelphia a centerpiece of early American history. It was the most populous city of the young United States, although by the first census in 1790, New York City had overtaken it. Philadelphia served as one of the nation's many capitals during the Revolutionary War and after. Following the ratification of the U.S. Constitution, it was the temporary national capital from 1790 to 1800 while Washington, DC was under construction.