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.
High Point is a city located in the Piedmont Triad region of North Carolina. As of July 2006 the city had a total population of 97,796 according to the US Census Bureau. July 2008 estimates place the city's population at around 101,835, making High Point the eighth-largest municipality in North Carolina. High Point is known for its furniture, textiles, and bus manufacturing. Some regard the city as the "Furniture Capital of the World" and it is called "North Carolina's International City" due to the semi-annual High Point Market that attracts 100,000 exhibitors and buyers from around the world. The area code is 336. It is home to High Point University, a private Methodist-affiliated institution founded in 1924. Most of the city is located in Guilford County, with portions spilling into neighboring Randolph, Davidson, and Forsyth counties. High Point is North Carolina's only city that extends into four counties.