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.
Bear Creek is an unincorporated community in southwestern Chatham County, North Carolina, United States. It is named for a nearby creek that eventually flows into the Rocky River. The community lies along Old US Highway 421 and is situated between Siler City and Goldston. Bear Creek is home to Chatham Central High School, one of three high schools in the county. It is also home to Southern Supreme, a mail-order gourmet foods company best known for manufacturing fruitcakes.