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.
Burlington is the largest city in the U.S. state of Vermont and the shire town of Chittenden County. With a population of 38,889 at the 2000 census, the city is the core of one of the nation's smaller metropolitan areas, and is also the smallest U.S. city to be the largest city in its state. The urbanized area consists of the cities of Burlington, South Burlington, and Winooski; the towns of Colchester, Essex, and Williston; and the village of Essex Junction. As of 2000, the Burlington-South Burlington metropolitan area contained the three northwestern Vermont counties of Chittenden, Franklin, and Grand Isle, with an estimated 2006 population of 206,007, approximately one third of Vermont's total population.