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.
Grottoes is an incorporated town in Augusta and Rockingham counties in the U.S. state of Virginia. The population was 2,114 at the 2000 census. The Rockingham County portion of Grottoes is part of the Harrisonburg Metropolitan Statistical Area, while the small portion that extends into Augusta County is part of the Staunton–Waynesboro Micropolitan Statistical Area.