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.
Corolla is an unincorporated community located in Poplar Branch township, Currituck County, North Carolina along the northern Outer Banks. It has a permanent population of approximately 500 people, however the population surges into the thousands during the summer vacation season. Corolla is home to the Currituck Beach Lighthouse, one of the seven North Carolina coastal lighthouses. Corolla is home to about 119 feral Banker horses. They are located on a 12,000 acre (49 km²) animal sanctuary situated north of the populated areas of Corolla. The Corolla Wild Horse Fund is a public charity whose mission is to protect and preserve the herd.