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.
Morganton is a city in Burke County, North Carolina, United States. Reader's Digest included Morganton in its list of top ten places to raise a family. The town was recently profiled in The 50 Best Small Southern Towns. The population was 17,310 at the 2000 census. It is the county seat of Burke County. Morganton is one of the principal cities in the Hickory-Lenoir-Morganton, NC Metropolitan Statistical Area. Near the city is the significant archaeological and historic site of Joara, a regional chiefdom of Mississippian culture and the location where the Spanish built Fort San Juan in 1567. It was settled by the Mississippian culture by 1000 CE. It was also the first European colonial settlement in the interior of the United States, built more than 40 years before the English settled Jamestown, Virginia.