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.
Maggie Valley is a town in Haywood County, North Carolina, USA. The population was 607 at the 2000 census. It is home to the Ghost Town in the Sky amusement park. Maggie Valley is part of the Asheville Metropolitan Statistical Area. The community gets its name from Maggie Mae Setzer; her father John "Jack" Sidney Setzer founded the area's first post office and named it after one of his daughters. His descendants come from all over the country for a large family reunion each summer in the historic valley.