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.
Climax is an unincorporated community in Guilford County, North Carolina, USA. Its Zip Code is 27233. It is located along North Carolina Highway 22 and North Carolina Highway 62 near its junction with the U.S. Highway 421 freeway. The oddly named community is found just south of Pleasant Garden and is nearly on the Randolph County line. Climax is also home to the Hobson Cricket Grounds where teams from the Mid Atlantic Cricket Conference compete. A small general aviation airport (Southeast Greensboro) is also located in Climax. Famous Nascar team Petty Enterprises is located nearby in neighboring Level Cross.