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.
Enka is an unincorporated community in Buncombe County, North Carolina, United States. It lies on U.S. Routes 19, 23, and 74 Business near the interchange of Interstates 26, 40, and 240. Although it is unincorporated, it has a post office, with the ZIP code of 28728.. Enka was developed in 1928 as a company town for the Dutch-based American Enka Company which was the nation's largest rayon-producing factory at that time. The Dutch name of the rayon company was Eerste Nederlandse Kunstzijdefabriek Arnhem (It is from the initial letters of firm's Dutch name that "Enka" is derived). In 1929 the company began developing a community plan that included employee houses and became known as Enka Village.. Enka Village is now a historic community and is part of the City of Asheville.