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.
Gastonia is a city in North Carolina, United States. It is the county seat and largest city of Gaston County. The population was 66,277 according to the 2000 census (35% of the population of Gaston County). It is part of the Charlotte metropolitan area, officially designated the Charlotte-Gastonia-Concord Metropolitan Statistical Area (MSA). As the second-largest city (in population) in the MSA after Charlotte, Gastonia has experienced steady growth, with a population change during the 1990s of more than +10%.