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.
Cedar Island is an island and a small coastal unincorporated community in eastern North Carolina and some folks believe that the area has a connection to the Roanoke Lost Colony of the late 1500s. Cedar Island is located in Carteret County and was populated with local Native Americans prior to European settlers arriving sometime in the 1700s or possibly before. It is also the location of the state ferry transportation system dock where travel can be made across Pamlico Sound to the island and village of Ocracoke in Hyde County.