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.
Albemarle is the county seat of Stanly County, North Carolina. The population was 15,680 at the 2000 census. It is governed by Mayor Elbert L. "Whit" Whitley, Jr. (who was re-elected in 2005 after a twenty-eight year hiatus from the same position) and a seven-member City Council. Albemarle is also the hometown of country singer Kellie Pickler