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.
Townsend is a city in Blount County, Tennessee, in the southeastern United States. The population was 244 at the 2000 census. Townsend is one of three "gateways" to the Great Smoky Mountains National Park and the home of several museums and attractions relating to both the natural and human history of the Smoky Mountains. Dubbing itself "the Peaceful Side of the Smokies," Townsend has the least traffic of the park's three main entrances. The park's other two entrances— one just south of Gatlinburg and the other just north of Cherokee— are home to multiple commercial attractions that draw millions of tourists each year. Townsend is more low-key, with a handful of inexpensive restaurants and motels, several businesses geared toward outdoor sports, and the world-renowned horse show.