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.
Salemburg is a town in Sampson County, North Carolina, United States. The population was 469 at the 2000 census. Salemburg was the home of the former Southwood College. The North Carolina Justice Academy operates out of the former college. The academy, a training institution of the North Carolina Department of Justice, has a staff of 82. Salemburg is located on N.C. 242 between U.S. Highway 421 and N.C. 24, 12 miles west of Clinton, 20 miles east of Interstate 40, and 20 miles west of Interstate 95. The town incorporated as Salemburg in 1905. Salemburg is located at 35°0′58″N 78°30′15″W / 35.01611°N 78.50417°W / 35.01611; -78.50417 (35.016008, -78.504193). According to the United States Census Bureau, the town has a total area of 1.0 square miles (2.6 km²), all of it land.