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.
Mooresville is a town in Iredell County, North Carolina, USA. The population was 18,823 at the 2000 census. It is located approximately 25 miles north of Charlotte. Mooresville is the home to the corporate headquarters of Lowe's Home Improvement Warehouse, and is perhaps best known as the home of many NASCAR racing teams, which earned the city the nickname "Race City USA. " It is also home to NASCAR's NASCAR Technical Institute. The current Mayor of Mooresville is Chris Montgomery. He was elected in November 2009.