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.
Summerfield is a town in Guilford County, North Carolina, United States. The population was 7,018 at the 2000 census. The official town limits of Summerfield are entirely located within Guilford County. The town is largely regarded as a suburb of Greensboro and as development has grown, the town has slowly transformed from a rural farming area into a bedroom community.