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.
Carrboro is a town in Orange County in the U.S. state of North Carolina. The population was 18,162 at the 2008 census. The town, which is part of the Durham-Chapel Hill metropolitan statistical area, was named after North Carolina industrialist Julian Shakespeare Carr. Located near Chapel Hill and the University of North Carolina, Carrboro has a reputation as one of the most liberal communities in the Southern United States. It was the first municipality in North Carolina to elect an openly gay mayor, Mike Nelson, in 1995 and the first municipality in the state to grant domestic-partner benefits to same-sex couples. In October 2002, Carrboro was among the first municipalities in the South to adopt resolutions opposing the Iraq War and the USA PATRIOT Act.