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.
Lebanon, Georgia is a community that is now absorbed into Holly Springs. While the community is locally known and still referred to as Toonigh, the community has a post office located in a small strip mall just south of the Georgia Northeastern Railroad that was posted as Lebanon, Georgia. As of May 2008, a Home Depot opened for business just north of the community, Located just off the 575 - Sixes road exit, the community is naturally a good spot for business to flourish. The area is definitely growing with many new apartment complexes, three gas stations off the exit, And even an outlet mall planned for 2009, all within 1 mile of the heart of Lebanon, Ga.