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.
Buxton is an unincorporated community of nearly 1,500 people on Hatteras Island (part of the Outer Banks) near Cape Hatteras. It is located in Dare County in the U.S. state of North Carolina. North Carolina Highway 12 links the community to other Outer Banks communities such as Avon, Frisco, and Hatteras. Buxton is most famous for being the location of Cape Hatteras Light, and prides itself as being the home of the Cape Hatteras Anglers Club.