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.
Beaufort is a city in and the county seat of Beaufort County, South Carolina, United States. Chartered in 1711, it is the second-oldest city in South Carolina, behind Charleston. The city's population was 12,950 in the 2000 census (46,227 total pop. of Beaufort Urban Cluster). It is located in the Hilton Head Island-Beaufort Micropolitan Area. Beaufort is located on Port Royal Island, in the heart of the Sea Islands and Lowcountry. The city is renowned for its scenic location and for maintaining a historic character through its impressive antebellum architecture. The city is also known for its military establishments, being located in close proximity to Parris Island and a U.S. Naval Hospital, in addition to being home of the Marine Corps Air Station Beaufort. The city has been featured in the New York Times, named "Best Small Southern Town" by Southern Living, named a "Top 25 Small City Arts Destination" by American Style, and a "Top 50 Adventure Town" by National Geographic Adventure.