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.
New Bern (the accent is pronounced on "New") is a city in Craven County, North Carolina with a population of 23,128 as of the 2000 census. The estimated population in 2006 was 27,650. It is located at the convergence of the Trent and the Neuse rivers, 87 miles (140 km) northeast of Wilmington. New Bern is the second oldest town in North Carolina and served as the capital of the North Carolina colonial government and then briefly as the state capital. It is the county seat of Craven County and the principal city of the New Bern Micropolitan Statistical Area. Originally a Swiss settlement, the city is named after the capital of Switzerland, Bern and shares its flag. The Swiss connection (just as the Dutch in New Amsterdam, and German immigrants in Pennsylvania Dutch) with England was established by Marian exiles and marriages of the Royal House of Stuart, important people in the history of the Calvinism. New Bern is commonly known as the birthplace of Pepsi Cola.