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.
Martinsville is an independent city surrounded by the county seat of Henry County, Virginia, United States. The population was 15,416 at the 2000 census. The Bureau of Economic Analysis combines the city of Martinsville with Henry County for statistical purposes. The paper clip-shaped Martinsville Speedway, the shortest track in NASCAR stock car racing [0.526 miles (0.847 km)] and also one of the first paved "speedways", being built in 1947, is located just outside the city in the town of Ridgeway. Martinsville is the principal city of the Martinsville Micropolitan Statistical Area, a micropolitan area that covers Henry County and the city of Martinsville. The micropolitan area had a combined population of 73,346 as of the 2000 census.