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.
Pawleys Island is a town in Georgetown County, South Carolina, United States, and the Atlantic coast barrier island on which the town sits. The population was 138 at the 2000 census. The post office address also includes an unincorporated area on the mainland adjacent to the island, which includes a commercial district along the Ocean Highway (US Route 17) and a residential area between the highway and the Waccamaw River. The island is on the southern end of The Grand Strand and is one of the oldest resort areas of the US East Coast. The community of Pawleys Island is part of Waccamaw Neck, a long, narrow peninsula between the ocean and the river. The island is connected to the mainland by two bridges, the North Causeway and the South Causeway. At the southern tip of the island is a public beach access area.