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.
Blowing Rock is a town in North Carolina, situated in both Caldwell and Watauga counties. The population was 1,418 at the 2000 census. However, during the summer the town's population increases to about 10,000. These "summertime residents" consist mainly of people from the State of Florida who come to Blowing Rock to escape the heat and humidity of the Deep South. The Caldwell County portion of Blowing Rock is part of the Hickory–Lenoir–Morganton Metropolitan Statistical Area, while the Watauga County portion is part of the Boone Micropolitan Statistical Area.