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.
Almont is a village in Lapeer County in the U.S. state of Michigan. The population was 2,803 at the 2000 census. The village is located within Almont Township. Almont was first settled in 1827/1828 by James Deneen. It received a post office in 1835 named Bristol, for Oliver Bristol, the second permanent settler. The village was platted as Newburg in 1836. James Thompson, who donated the town clock that is located in the steeple of the First Congregational Church, proposed the name "Almont" in 1846 to honor the Mexican general, Juan Almonte. However, another theory about the name holds that James Thompson suggested "Almont" in honor of the region in Scotland that he emigrated from. <cn> In his hometown of Ayrshire, Scotland there stands to this day the Almont Hotel. The word is from a Scottish construction that means "at the mount. " Almont incorporated as a village in 1855.