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.
Sale Creek is a small unincorporated community in northern Hamilton County, Tennessee, United States. Sale Creek is home to Sale Creek High School, as well as the "haunted" Shipley Hollow Road. Sale Creek was also home to northern troops in 1863. It was the HQ of the 6th Regt. Tennessee Volunteers. The community takes its name from the creek which runs through it, which in turn got its name from the auction at the site of the goods and arms taken from the eleven towns of the militant Cherokee in the region before they were burned during the raid of Evan Shelby's troops in 1779, during the Chickamauga wars. It is part of the Chattanooga, TN–GA Metropolitan Statistical Area.