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.
Suffolk is an independent city located in the Hampton Roads metropolitan area of Virginia. By area, it is the largest of the Seven Cities of Hampton Roads, and the largest independent city in land-area in the entire Commonwealth. As of the 2000 census, the city had a total population of 63,677. A more recent 2007 census estimate shows that the city's population has grown to 81,332, and its median household income was $57,546. It has the smallest population of all the seven cities.