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.
Salvo is an unincorporated community located in Dare County, North Carolina, on Hatteras Island, part of North Carolina's Outer Banks. Originally part of the settlement of Chicamacomico, Salvo was originally known as Clarks or Clarksville. The name "Salvo" allegedly stems from the American Civil War, during which a passing Union vessel spotted the settlement, which was not marked on their maps. The commanding officer ordered an attack, and a sailor marked the site on his map with the word "Salvo. " The name was formally given to the town when it received a post office in 1901. The Salvo post office, one of the smallest postal facilities in the United States, was destroyed by an arsonist in 1992. A replacement post office was constructed later in the decade.