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.
Millington is a town in Shelby County, Tennessee. As of the 2000 U.S. Census, this town had a population of about 10,433. Millington is the home of the Memphis Motorsports Park. It was granted the title "Flag City Tennessee" by the Tennessee State Legislature. Millington is the location of the Naval Support Activity Mid-South, which is located at the former Memphis Naval Air Station, which was closed in 1993. Also at that location is now a civilian General Aviation airport for jets and propeller-driver airplanes.