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.
Rocky Mount is an All-America City Award-winning city in Edgecombe and Nash counties in the coastal plains of the state of North Carolina. Although it was not formally incorporated until February 28, 1867, the North Carolina community that became the city of Rocky Mount dates from the beginning of the 19th century, and the first post office in the area opened in 1816. In 1996, the town of Battleboro merged with the city of Rocky Mount. As of 2008, the city's population was 57,010. Rocky Mount is the principal city of the Rocky Mount, North Carolina Metropolitan Statistical Area, which had a population of 143,026, as of 2000, and which encompasses all of both Edgecombe and Nash counties. Rocky Mount is also a part of a Combined Statistical Area which consists of both Rocky Mount and Wilson Metropolitan Areas. The Rocky Mount-Wilson CSA population is currently over 200,000 residents. The city is about 45 minutes away from the state capital, Raleigh. Rocky Mount has a growing arts community. The city operates an Arts Center, a Children's Museum & Science Center, and a Community Theater at the Imperial Centre for Arts & Sciences.