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.
Newland is a town in Avery County, North Carolina, United States. The population was 704 at the 2000 census. It is the county seat of Avery County. Before its founding, the area was known as Old Fields or Old Fields of Toe. In 1911 it was renamed Newland, after North Carolina Lieutenant Governor William C. Newland, and simultaneously became the County Seat for Avery County.