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.
Linville is a community centered just south of the US 221 and NC 105 intersection in Avery County, North Carolina. The community -- at times known as Clay or Porcelain -- was founded in 1891 and named for William and John Linville, who were killed by Cherokees in 1766. The East Tennessee and Western North Carolina Railroad ("Tweetsie") passed through the community from 1916 till 1940, when a major flood washed away the tracks;; the old rail route later became NC 105 in 1956.