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.
Lanett is a city in Chambers County, Alabama, United States. At the 2000 census the population was 7,897. Lanett, originally called Bluffton, is located in eastern Alabama, on the Chattahoochee River, southwest of Atlanta, GA. The city's name is derived from Lafayette Lanier and Theodore Bennett, founders of the West Point Manufacturing Co.