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.
Mount Olive, also spelled Mt. Olive is an unincorporated community and a census-designated place in Jefferson County, Alabama in the suburbs of Birmingham, Alabama. As of the 2000 census, the population of the community is 3,957. Mount Olive is bordered on the south and the east by the town of Gardendale, and in fact, some areas that had previously been in Mount Olive have been annexed into Gardendale over the years. Running along part of the border between Mt. Olive and Gardendale is the major expressway, Interstate 65. Eventually, part of Birmingham's Northern Beltline will cut through northwestern sections of Mt. Olive. Mt. Olive has its own elementary school and was formerly the home of a junior high school. Beyond elementary school, most of its students go on to Bragg Middle School and eventually Gardendale High School. A new $50-million Gardendale High School is expected to be completed within a year or two. Mount Olive is also the birthplace of iconic country music legend Hank Williams, which is in Butler County, not the town referenced in this article.