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.
Johnson City is a city in Carter, Sullivan, and Washington counties in the U.S. state of Tennessee, with most of the city being in Washington County. The 2008 population for Johnson City was estimated at 61,990 by the United States Census, making it the eighth largest city in the state. Johnson City is currently ranked the #44 "Best Small Place for Business and Careers" in the USA by Forbes, and #8 "Best Place for African-Americans to Retire" in the USA by Black Enterprise Magazine. Johnson City is the principal city of the Johnson City Metropolitan Statistical Area, a metropolitan area that covers Carter, Unicoi, and Washington counties and which had a combined population of 195,849 as of 2008. The Johnson City MSA is a component of the Johnson City–Kingsport–Bristol, TN-VA Combined Statistical Area – commonly known as the "Tri-Cities" region. The Tri-Cities is the fifth largest CSA in Tennessee with an estimated 500,538 people in residence.