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.
Corryton is a small unincorporated community in northeastern Knox County, Tennessee, United States, about 15 miles north of Knoxville. It is included in the Knoxville, Tennessee Metropolitan Statistical Area. Corryton is situated near two mountains, House Mountain (the highest point in Knox County) and Clinch Mountain. It includes a grade school, a public library, community center, and several churches including Little Flat Creek Baptist Church (founded in 1797, making it the first Baptist church organized in Knox County), Corryton Church (formerly Corryton Baptist) and Rutherford Memorial United Methodist. Gibbs High School in Corryton has several famous alumni, including country musicians Kenny Chesney, Con Hunley, Phil Leadbetter, and Ashley Monroe. On April 25, 1983, Thomas Knauff set an FAI world record flying a glider on an out-and-return course of 1646.68 km (1023 miles), releasing from tow over Williamsport Regional Airport in Pennsylvania, flying south along the Ridge-and-valley Appalachians to take a turn-point photograph of the Little Flat Creek Church in Corryton, then returning for a landing after a 10 hour flight. The photographs were published in National Geographic Magazine. This world record stood until 2003 when it was broken in Argentina, but still stands as a U.S. national record.