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.
Advance (pronounced with the stress on the first syllable) is an unincorporated community located in Davie County, North Carolina. It has a total land area of 62.3 square miles (161 km) and is located along Hwy NC 801 and Hwy 158 just south of Bermuda Run near the western bank of the Yadkin River. Advance is a part of the Piedmont Triad and is home to Shady Grove Elementary School. Neighboring communities and municipalities include: Bermuda Run, Mocksville, Hillsdale, and Yadkin College. The official population of Advance "common" is recognized as 10,762, but the actual population of Advance "proper" is known to be much lower.