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.
Shepherdstown is a town in Jefferson County, West Virginia, USA. Shepherdstown claims to be the oldest town in the state. In 1734, Thomas Shepherd was granted 222 acres (0.9 km), on the south side of the Potomac river. From that tract, he selected 50 acres (200,000 m) and laid out a town. He named his town Mecklenburg and petitioned the Virginia Assembly for a charter. It was officially chartered in 1762 by the Virginia General Assembly. Thomas Shepherd was the sole trustee. He owned the town and had the responsibility to conduct its government. In 1798 it was renamed Shepherds Town, which was shortened to Shepherdstown after the Civil War. The town's population was 1208 as of 2002. The town is also home to Shepherd University.