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.
Browns Summit (sometimes called Brown Summit) is a small unincorporated community in Guilford County, North Carolina, United States. It lies just northeast of Greensboro, near the intersections of North Carolina Highway 150 and U.S. Route 29 along the future Interstate 785 in Guilford County, Latitude 36.212°N & Longitude -79.713°W. Elevation is 801 feet. The single public elementary school is a part of the Guilford County school system. The zip code for Browns Summit is 27214 and it is in the 336 area code. It is a fast growing area due to the proximity to Greensboro and Reidsville, NC, with many new housing developments in progress, particularly on the NC Hwy 150 corridor. Once the Greensboro Urban Loop is completed, Browns Summit will lie a few miles outside of the loop.