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.
Galax is an independent city in the southwestern part of the Commonwealth of Virginia. It is bounded to the northeast by Carroll County and to the southwest by Grayson County. The population was 6,837 as of the 2000 census. The Bureau of Economic Analysis combines the city of Galax with neighboring Carroll county for statistical purposes.