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.
Alma is the largest city in Gratiot County in the U.S. state of Michigan. The population was 9,275 at the 2000 census. It was incorporated as the Village of Alma in 1872 and became a city in 1905. Alma's claims to fame include the annual Highland Festival which brings members of Scottish clans and interested onlookers together for a weekend of Highland dancing, bagpipes, kilts, and camaraderie. The Highland Festival is held each year over Memorial Day weekend. Alma College, a small liberal-arts institution of approximately 1,300 students, is located in town and focuses on multidisciplinary learning in a residential setting. Alma is the birthplace of both the world-renowned modernist architect Ralph Rapson and writer/composer/lyricist Dan Goggin.