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.
Benson is a town located in Johnston County, North Carolina. The town lies at the intersection of Interstates 95 and 40. Each year Benson celebrates Mule Days the 4th Saturday of September, a festival that attracts over 60,000 people each year. In 2006, the estimated population was 3,374.