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.
Elon (formerly known as Elon College) is a town in Alamance County, North Carolina, United States. It is part of the Burlington, North Carolina Metropolitan Statistical Area. The current population estimate (2008) is 7,060. The town of Elon is home to Elon University. The town was called "Elon College" until the college known as Elon College became Elon University. The town then changed its name officially to Elon.