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.
Senatobia is a city in and the county seat of Tate County, Mississippi, United States, and is the 15th largest municipality in the Memphis Metropolitan Area. The population was 6,682 at the 2000 census. Senatobia is the home of Northwest Mississippi Community College, a state community college that provides two year academic and technical degree programs. Northwest's system-wide enrollment exceeds 6,200 on three campuses in Senatobia, Southaven, and Oxford. Senatobia is also the home of The Baddour Center, a residential care facility for mild to moderately mentally retarded adults. On April 13, 1834 early settler James Peters purchased two sections of land from the Chickasaw Nation for the sum of $1.25 per acre. The land purchased later became the town of Senatobia. The name Senatobia, given by Charles Meriweather, was derived from the Indian word Senatohoba, which means “White Sycamore”--a symbol of "rest for the weary. " Senatobia received its charter as a municipality in 1860, thirteen years prior to the creation of Tate County and one year prior to the outbreak of the Civil War, during which the town's business section was burned twice by Federal Troops. The city's zip code is 38668.