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.
Davidson is a town in Iredell and Mecklenburg counties in the U.S. state of North Carolina. The population was 7,139 at the 2000 census. It is home to Davidson College. Lying along the eastern shore of Lake Norman, the town is centered around the college from which it takes its name. The town was founded in 1837 with the establishment of the Presbyterian Davidson College, named for Brigadier General William Lee Davidson, a local Revolutionary War hero in Mecklenburg County. The land for Davidson College came from Davidson's estate, a large portion of which was donated by his son.