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.
Cleveland is a town in the Cleveland Township of Rowan County, North Carolina, United States. The population was 808 at the 2000 census. It is named after Cleveland, England, but it is rumored that the town is actually named after Grover Cleveland after he visited the town during his presidential campaign.