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.
Manns Harbor is an unincorporated community in Dare County, North Carolina. Located along U.S. Highway 64 at the eastern terminus of U.S. Highway 264, Manns Harbor used to harbor the ferry that transversed the Croatan Sound and provided access to Roanoke Island. Today, the William B. Umstead Bridge and the newly constructed 4-lane Virginia Dare Bridge link Manteo, North Carolina to the mainland. This community provides a gateway to North Carolina's Outer Banks.