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.
Bynum is an unincorporated community in northeastern Chatham County, North Carolina, United States. Its most notable landmark is the Bynum General Store. The Store is now closed but the building is used as a community gathering space. The Bynum Front Porch Music Series runs every Friday evening rain or shine, April - November at the Bynum General Store located at 950 Bynum Road, Bynum, NC 27228, just 2.5 miles south of Fearrington Village The Old Bynum Bridge (built 1923) crosses the Haw River was closed to motor vehicle traffic in 1999, but it is currently a part of the statewide designated bicycle route. Traffic now crosses the Haw River on the newer Hwy. 15-501 bridge about 1000 feet north. The town once housed the Odell Manufacturing Company, which made textiles. A mill village was built on the hill overlooking the plant to house mill workers and their families. Many of the original houses still stand and are currently used as private homes. The mill closed and the buildings sat vacant for many years. It burned down around the year 2000.