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.
Longs is a small unincorporated community in Horry County, South Carolina, United States. It lies about 14 miles northwest of North Myrtle Beach, located at the intersection of S.C. 9 and S.C. 905. The town itself consists of a post office, a gas station, and a few small businesses, however, the area is fast growing into a suburb of the Grand Strand. Of historical note, Longs appears on a map from 1682 of "rivers, harbors, plantations, and other accommodations" in North and South Carolina ("Carolina Country"). ["A New Map of the Country of Carolina," by Joel Gascoyne]