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.
Calumet is a village in Calumet Township, Houghton County, in the U.S. state of Michigan's Upper Peninsula, that was once at the center of the mining industry of the Upper Peninsula. Also known as Red Jacket, the village includes the Calumet Downtown Historic District, listed on the National Register of Historic Places (NRHP). The village may itself be included within the Calumet Historic District, a larger area which is NRHP-listed and which is a National Historic Landmark District. The unincorporated towns of Blue Jacket and Newton border it on the northwest and south respectively. The population was 879 at the 2000 census. Calumet's nickname is Copper Town U.S.A.