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.
Drayton Plains is an unincorporated community in the U.S. state of Michigan. It was first settled in 1823. A dam and gristmill was built in 1837 and the Drayton Plains Hotel was built in 1839. It was platted in 1860, but never incorporated as a municipality and its identity has been largely subsumed within that of Waterford Charter Township. It is located on Dixie Highway around the west end of Loon Lake at 42°41'03" N, 83°22'38" W. Brookfield Academy, originally founded as the Laurel Montessori School in 1964 in Drayton Plains, was the first Montessori school in Michigan. An old fish hatchery is now the Drayton Plains Nature Center. Drayton Plains was informally referred to as a village and maintained its own identity and post office until the early 1990s when the post office was closed and functions transferred to the Waterford Post Office. The current ZIP code for the community is 48330.