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.
Ten Mile is an unincorporated area in northern Meigs and southeastern Roane counties in the U.S. state of Tennessee. The Roane County portion is included in the "Harriman, Tennessee Micropolitan Statistical Area". Ten Mile is primarily a summer cottage community on Watts Bar Lake. It consists of summer cottages, small locally owned stores and restaurants, a bank, marinas, resorts, and a Post Office. The nearby TVA Watts Bar nuclear plant, and Watts Bar Dam spanning the Tennessee River across the Meigs County and Rhea County lines have played, and continue to play, an important role in the local economy.