On 27 June 2014, former PNL chairman Călin Popescu-Tăriceanu announced his intention to found a separate liberal party to run for president, stating opposition to the upcoming merger with the PDL. The breakaway party, called the Liberal Reformist Party (PLR), was founded by Popescu-Tăriceanu on 3 July 2014. On 17 July 2014 it was announced that the future merger of the PNL and PDL would retain the National Liberal Party name, while being situated in the PDL's existing headquarters in Bucharest, and would be legally registered by the end of 2014. On 26 July 2014, a joint party congress of the PNL and PDL approved the merger.