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.
Willow Grove is a census-designated place (CDP) in Montgomery County, Pennsylvania, about 10 miles north of Philadelphia. The population was 16,234 at the 2000 census. Willow Grove was once known for Willow Grove Park, an amusement park that was open from 1896 to 1976, now the site of Willow Grove Park Mall. Naval Air Station Joint Reserve Base Willow Grove is located northwest of the Willow Grove CDP in Horsham Township. NAS JRB Willow Grove will continue operating through 2010, and closure will occur by September 2011.