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.
Eastlake is a "home rule" village in Manistee County U.S. state of Michigan. The population was 441 at the 2000 census. [home rule villages act, PA 278 of 1909) Home rule refers to the authority of a city or village under a state's constitution and laws to draft and adopt a charter for its own government.