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.
Phenix City is a city in Russell County in the U.S. state of Alabama. Portions of Lee County are addressed as Phenix City, 36870 ZIP code, for the sole purpose that Smith's Station does not have full incorporation to annex the area. As of 2006, the population of the city was 30,067, according to Census Bureau estimates. Phenix City lies in the Columbus, Georgia-Alabama Metropolitan Statistical Area, while the Lee County nominal is in the Auburn-Opelika Metropolitan Area. The city is the county seat of Russell County. It is also a suburb immediately west of Downtown Columbus, Georgia which is just across the Chattahoochee River. In 2007, BusinessWeek named Phenix City the nation's #1 Best Affordable Suburb to raise a family. Currently, the mayor is Sonny Coulter, a local businessman, and previous mayor. The city manager, who holds the task of organizational matters is Wallace Hunter.