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.
Clinchfield is an unincorporated community in south-central Houston County, Georgia, United States. It lies near U.S. Route 341 at the junction of Georgia Highway 224. It is part of the Perry, Georgia Metropolitan Statistical Area. Clinchfield started as a place for the workers of the Penn-Dixie cement plant to live when the plant was constructed in the early 1920s. The cement plant is still in operation today and is currently owned by Cemex, Inc.