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.
Kernersville is a town in Forsyth County in the U.S. state of North Carolina. The population was 17,126 at the 2000 census. In 2007 the U.S. Census estimated the town's population at 22,309. Kernersville is located at the heart of the Piedmont Triad metropolitan area, which consists of the cities of Greensboro, High Point, and Winston-Salem. Although Kernersville has traditionally been considered a suburb of Winston-Salem, the arrival of new industries (particularly the Dell Computer plant), has given the city a booming population and a character all its own. Much of the rural farmland surrounding the town has been sold and turned into large middle-to-upper-class housing developments, and numerous large shopping centers have been built in the town over the past few years. Flue-cured tobacco was the major crop grown in the area.