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.
Leasburg is a former town and the former county seat of Caswell County, North Carolina. The community has a partial presence in Person County. The population was 1,942 at the 2000 census. It was named in honor of longtime resident William Lea and is located along US 158 and NC 119 near Hyco Lake. Leasburg is also the name of a Caswell County township.