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.
Bad Axe is a city in the U.S. state of Michigan and the county seat of Huron County located in the Thumb region of the Lower Peninsula. The population was 3,462 at the 2000 census, making it the largest community in Huron County and second largest in the Thumb, after Caro (if Lapeer and St. Clair counties are not included). The city's unusual name dates to the time of its settlement. While surveying the first state road through the Huron County wilderness in 1861, Rudolph Papst and George Willis Pack made camp at the future site of the city and found a much-used and badly damaged axe. At Pack’s suggestion, Papst used the name “Bad Axe Camp” in the minutes of the survey and on a sign he placed along the main trail.