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.
Danbury is a town located in Danbury Township, Stokes County, North Carolina. As of the 2000 census, the town had a total population of 108. It is the county seat of Stokes County. Danbury is located on NC 8/89 approximately 20 miles north of Winston-Salem and is the "Gateway to Hanging Rock". The Stokes County Government Center, Arts Council, school board, county jail, a public library, and other public services are found within the town limits. Stokes-Reynolds Memorial Hospital is located about a half mile northwest of the town. Danbury is a popular rest stop for bicyclists, motorcyclists, and driving enthusiasts due to the numerous scenic roads in Stokes County. Danbury also attracts outdoor enthusiasts because of its location on the Dan River and near the entrance to Hanging Rock State Park. There are no regional or national franchises in Danbury, only local shops like the Danbury General Store, and small restaurants. A 2007 edition of the Stokes News reported that Danbury will be expanding, with a small shopping center planned in the coming years. The NewBridge Bank has a branch in town. J.E. Priddy's General Store, a local historic landmark dating from the late 19th century, is still in business selling goods old and new. It is located about 2 miles east of town on Sheppard Mill Rd.