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.
Florence is the largest city in and the county seat of Florence County, South Carolina, United States. Known as the Florence Metropolitan Statistical Area, Florence adjoins Darlington to form the core of "Pee Dee" region of South Carolina, an area that includes the eight counties of northeastern South Carolina along with sections in southeastern North Carolina. The U.S. Census Bureau estimated the city's population was 31,570 at the 2000 census (90,128 total pop. of Florence Urbanized Area). This 1997 All-America City finalist, was founded as a railroad hub city of Florence became the junction of three major railroad systems; the Wilmington and Manchester, The Northeastern, and the Cheraw and Darlington. Florence would quickly grow as a planned city. Today, the city retains its status as a major hub, both for industry and infrastructure. In modern times, the city has taken on additional dimension as a center for business culture and finance, with its rich historic homes domanting medical center towers,and progressive educational institutions come together to form a destination for the northeastern portion of South Carolina.