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.
Monteagle is a town in Franklin, Grundy, and Marion counties in the U.S. state of Tennessee, in the Cumberland Plateau region of the southeastern part of the state. The population was 1,238 at the 2000 census – 804 of the town's 1,238 residents (64.9%) lived in Grundy County, 428 (34.6%) in Marion County, and 6 (0.5%) in Franklin County. The Marion County portion of Monteagle is part of the Chattanooga, TN–GA Metropolitan Statistical Area, while the Franklin County portion is part of the Tullahoma, TN Micropolitan Statistical Area. Monteagle is most famous for the treacherous stretch of Interstate 24 that passes through the town. It is here that the highway passes over what is colloquially referred to as "Monteagle Mountain" (or "The Monteagle") - a section of the southern Cumberland Plateau which is a major landmark on the road between Chattanooga and Nashville. The interstate regularly shuts down in inclement weather, routing traffic onto U.S. Highway 41. In the Jerry Reed song "The Legend", which is the opening track in the film Smokey and the Bandit, Reed tells the story of the Bandit miraculously surviving brake failure on the "Monteagle Grade. " There is also a song called "Monteagle Mountain" by Johnny Cash on the album Boom Chicka Boom. The town is home to the Monteagle Sunday School Assembly. The Highlander Folk School, long involved in the labor and civil rights movements, was located here from 1932 to 1961. Rosa Parks attended workshops there shortly before the Montgomery Bus Boycott.