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.
Summerville is a town in Berkeley, Charleston, and Dorchester counties in the U.S. state of South Carolina. The population was 48,091 as of August 2008. The city is a distant suburb of Charleston; and has thus experienced rapid population growth. In 2007, it was designated a principal city of the Charleston–North Charleston–Summerville Metropolitan Statistical Area Summerville is also included as part of the Charleston-North Charleston Urbanized area.