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.
Port Royal is an incorporated town in Caroline County, Virginia, United States. The population was 170 at the 2000 census. Port Royal was established in the mid-17th century in the Colony of Virginia primary as a port on a navigable portion of the Rappahannock River for export of tobacco, Virginia's cash crop. Along an early stage road, it later became a crossroads along the busy modern highways of U.S. Route 17 and U.S. Route 301.