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.
Atlantic is an unincorporated community in eastern Carteret County situated along the Core Sound, located in what was known to early settlers of the area as Hunting Quarters. It is the location of US 70's eastern terminus and the ferry terminal for journeys to the Cape Lookout National Seashore. The Atlantic Navy Airfield (now closed) is located in Atlantic; it is now used as a satellite airfield for nearby military bases. Neighboring communities include Sea Level and Cedar Island; the nearest municipality is Beaufort, North Carolina. Atlantic is also home to Luther L. Smith and Sons Seafood. Commercial fishing has long been the primary means of earning a living in this community. Atlantic had the first Public Highschool in Carteret County. It was an incorporated community from 1905 until 1920. It had three different mayors during this time.