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.
Pelham is an unincorporated community in northwest Caswell County, North Carolina at the North Carolina/Virginia border. It is often considered a suburb of nearby Danville, Virginia. Pelham is located along Pelham Loop Road near the eastern terminus of NC 700 at US 29. Neighboring communities, independent cities, and municipalities include Danville, Eden, Ruffin, Yanceyville, Purley, and Casville.