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.
Rugby is an unincorporated community in Morgan and Scott counties in the U.S. state of Tennessee. Founded in 1880 by English author Thomas Hughes, Rugby was built as an experimental utopian colony. While Hughes' experiment largely failed, a small community lingered at Rugby throughout the 20th century. In the 1960s, the residents of Rugby began restoring the original design and layout of the community, preserving surviving structures and reconstructing others. Rugby's architecture and picturesque setting have made it a popular tourist attraction. In 1972, Rugby's historic area was listed on the National Register of Historic Places as a historic district.