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.
Leicester is an unincorporated community in Buncombe County, North Carolina, although it has begun a process towards incorporation in 2007. As of 2007, Leicester population is 12,514 people. Since 2000, it has had a population growth of 16.26 percent. The township of Leicester, originally known as Turkey Creek, had a Post Office beginning April 7,1829. The name of the township was changed to Leicester (pronounced les-ter) in 1859. The town was named for Leicester Chapman. His father, Robert Chapman, was a captain under the Earl of Leicester and stationed in Wales. Leicester is part of the Asheville Metropolitan Statistical Area.