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.
Bessemer is a city in the U.S. state of Michigan. As of the 2000 census, the city population was 2,148. It is the county seat of Gogebic County. The city is situated within Bessemer Township, but is politically independent. It is on US 2 with Ironwood several miles to the west and Wakefield several miles to the east. The Big Powderhorn, Blackjack and Indianhead ski areas are located within a few miles of Bessemer. Cross-country skiing and snowmobiling are also very popular in this area known as Big Snow country because of heavy snowfall influenced by nearby Lake Superior.