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.
Cannonsburg is an unincorporated community within Cannon Township, Kent County in the U.S. state of Michigan. The community is on Bear Creek in the southwest part of the township at 43°03′14″N 85°28′11″W / 43.05389°N 85.46972°W / 43.05389; -85.46972. While the area was still a part of Plainfield Township, the settlement at Cannonsburg was founded in 1842 on an old Native American trail (Chippewa and Ottawa populated the area prior to the region being opened for white settlers). In 1844 and 1845, mills were erected by Edwin B. Bostwick, with H.T. Judson as architect. As an inducement to settlement, the community was platted in 1848 (or 1845 by some accounts). Bostwick, a business agent of railroad and steamboat financier LeGrand Cannon of Troy, New York, was instructed to give a lot to each resident who was not otherwise provided for. Twenty-five lots were given away and the town was named in honor of Cannon, who acknowledged the honor with the gift of a small cannon engraved with his name and the date. A local legend has it that the cannon was buried in a local swamp after misfiring and killing a young man. The first record of the township separate from Plainfield is on April 6, 1846. Mention is made that the Michigan Legislature had organized the town under the name of "Churchtown" in the spring of 1846 (or 1845 in some sources). The name was soon after changed to Cannon, after the largest settlement. A post office was established on May 7, 1844, with the spelling as "Cannonsburgh". The spelling was changed to Cannonsburg on February 5, 1894. The Cannonsburg ZIP code 49317 provides P.O. Box only service. Cannonsburg continued to be at the center of township business through the end of the 20th Century when the township offices were moved to a new location 2 miles to the north, along the M-44 corridor.