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.
Union is a city in and the county seat of Union County, South Carolina, United States. The population was 8,793 at the 2000 census. It is the principal city of the Union Micropolitan Statistical Area (population 29,881 according to year 2000 estimates by the U.S. Census Bureau), an (MSA) which includes all of Union County and which is further included in the greater Greenville-Spartanburg-Anderson, South Carolina Combined Statistical Area (population 1,185,534 according to year 2005 U.S. Census Bureau estimates). Both Union and Union County received their names from the old Union Church that stood a short distance from the Monarch Mill. When it was first founded, Union was known as Unionville; later it was shortened to Union. The county’s first white settlers came from Virginia in 1749. Union County’s population grew the fastest between 1762 and the start of the Revolutionary War. Settlers built log cabins and cultivated tobacco, flax, corn and wheat. Union was one of the first towns settled in the area and was untouched during the Civil War because the Broad River flooded and turned Sherman’s troops away from the town. Union is also the home of Boogaloo Folk Life Productions, an annual community effort wherein recollections of historical events are collected by local residents and presented in a play. The county's Carnegie Library was named Best Small Library in America by Library Journal for 2009.