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 Hill is an unincorporated community located in southwestern Wake County, North Carolina, at the crossroads of old U.S. 1(State Road 1011, running northeast-southwest), New Hill-Olive Chapel Road (running north) and New Hill-Holleman Road (running south). New Hill is located along the original alignment of the New Hope Valley Railway between Durham and Bonsal. The community is near the southern terminus of the American Tobacco Trail, as well as Progress Energy's Shearon Harris nuclear power plant and the associated Harris Lake recreation center. A regional wastewater reclamation project is currently planned for the area. The project is opposed by local residents who believe that placing the facility in the middle of their community will adversely impact their way of life.