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.
Whitesburg is an unincorporated community in eastern Hamblen County, Tennessee. The small, rural community is located along U.S. Route 11E. Whitesburg is bordered by Russellville on the west and Bulls Gap on the east. A U.S. post office, Whitesburg Elementary School and East Ridge Middle School, parts of the Hamblen County school system, are located in Whitesburg. It is a close farming community with a back-home feel. It is the home of few wealthy people, which is quite surprising, counting the number of beautiful land plots.