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.
Linwood is a small unincorporated community just south of Lexington in Davidson County, North Carolina, United States. The area contains operations of several important companies in Davidson County, including Keply Hardwood, Legget-Platt, PPG Industries, and Kimberly Clark. Three major transportation systems serve the area: US Interstate 85, the Davidson County Airport, and Norfolk Southern Railway's Spencer classification yard. Linwood was named for the nearby plantation of William Rainey Holt (1798-1868), a physician and early innovator in farming techniques. Three sites in the National Register of Historic Places are located in the area: the Beallmont Building, the Jersey Baptist Church Cemetery, and the Jersey Settlement Meeting House. Part of the community (mainly the area industries) has been annexed by the city of Lexington. Public High Schools that have districts that are in Linwood are Central Davidson High School and West Davidson High School.