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.
Indian Trail is a town in Union County, North Carolina, United States. Founded on March 12, 1861, the town holds a history of traders traveling along the "Indian Trail," which ran from Petersburg, Virginia, to the Waxhaw Indians, and gold mining. Indian Trail was first a big farming community; however, German and Scot-Irish settlers began to move into the area due to its geographical location. In 1874, the Seaboard Coast Line Railroad was built between the cities Charlotte, North Carolina and Monroe, North Carolina. The railroad, which runs through the town, brought prosperity to the town. Indian Trail was incorporated as a town in 1907, with established city limits based upon a one-half mile radius from the intersection of Indian Trail Road and the Seaboard Railroad. Today, Indian Trail is a rapidly growing city with more and more people moving into it. Every Fourth of July, it holds an annual parade which is one of the biggest parades in the Charlotte metropolitan area.