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.
Spartanburg is the largest city in and the county seat of Spartanburg County, South Carolina, United States. It is the second-largest city of the three primary cities in the Upstate region of South Carolina. Spartanburg is located 98 miles (158 km) northwest of Columbia, 80 miles (130 km) west of Charlotte, and about 190 miles (300 km) northeast of Atlanta. Spartanburg's population was 39,673 at the 2000 census. However, as is typical with South Carolina cities, the urbanized area of the city is much larger at almost 150,000 (according to 2000 U.S. Census Bureau figures), because it is difficult for cities to annex surrounding unincorporated land in South Carolina. It is the principal city of the Spartanburg Metropolitan Statistical Area (population 280,738) which is included in the greater Greenville-Spartanburg-Anderson Combined Statistical Area (population 1,241,618 according to 2008 estimates by the U.S. Census Bureau).