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.
Wedgefield is an unincorporated community in the High Hills of Santee area in western Sumter County, South Carolina, United States. Wedgefield was so named because its location was likened to a "wedge" into the High Hills of Santee. In the 18th and 19th centuries it was the location of many plantations, notably those of the Singleton family, which produced First Lady of the United States, Angelica Singleton Van Buren. Today the plantations are gone except for their cemeteries and Wedgefield is today noted as the location of a state park, a state forest and other recreational places. When the railroad came through in the 19th century, the commercial center of Wedgefield developed at the intersection of the railroad, Kings Highway and Wedgefield Road (South Carolina Highway 763. It has its own post office with the Zip Code of 29168. Wedgefield had a population of 3,376 in 2000 on a Zip Code based estimate. Housing units were 1,343. Land area is 71.9 square miles while water area is 0.33 square miles.