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.
Pendleton is a town in Anderson County, South Carolina, United States. The population was 2,966 at the 2000 census. It is a sister city of Stornoway in the Outer Hebrides of Scotland. The Pendleton Historic District, consisting of the town and its immediate surroundings, was added to the National Register of Historical Places in 1970 as District No. 70000560. Particularly notable historic buildings on the Pendleton town square include Farmer's Hall and Hunter's Store. Notable schools include LaFrance Elementary, Riverside Middle School, and Pendleton High School. The latter is currently the headquarters of the Pendleton District Historical, Recreational and Tourism Commission. Near Pendleton are the historic plantation homes Ashtabula and Woodburn.