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.
Covington is an independent city in Alleghany County in the state of Virginia. It is one of three cities located in the Roanoke Region. The population was 6,303 at the 2000 census. It is the county seat of Alleghany County. The Bureau of Economic Analysis combines the city of Covington with Alleghany county for statistical purposes. Covington is located at the confluence of Jackson River and Dunlap Creek. The current mayor of Covington is Stephanie Ross Clark, who is the first African-American mayor of Covington as well as the first female mayor. Its media and news needs are served by The Virginian Review newspaper, which has been continuously serving the Alleghany Highlands since August 10, 1914. Fire protection is provided by the Covington Fire Department, which was chartered on March 4, 1902. The Covington Rescue Squad provides emergency medical services to the city of Covington. The squad was organized in 1933 and is the third oldest volunteer rescue squad in the commonwealth of Virginia.