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.
Independence is a town in Grayson County, Virginia, United States. The population was 971 at the 2000 census. It is the county seat of Grayson County. Independence is home to a major town celebration on July 4 every year, held in front of the 1908 courthouse. It features bluegrass and old-time music and dance, food, crafts and a wild pony sale. The courthouse is also the location of the Mountain Foliage Festival, held in the autumn and featuring a parade, crafts, arts and music, as well as a race in which contestants use outhouses, the Grand Privy Race .