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.
Tallassee (first called Talisi by the Creek Indians) is a city on the Tallapoosa River, located in both Elmore and Tallapoosa counties in the U.S. state of Alabama. At the 2000 census the population was 4,934. It is home to a major hydroelectric power plant at Thurlow Dam operated by Alabama Power Company. The Elmore County portion of Tallassee is part of the Montgomery Metropolitan Statistical Area, while the Tallapoosa County portion is part of the Alexander City Micropolitan Statistical Area.