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.
Elk Rapids is a village in Antrim County in the U.S. state of Michigan. The population was 1,700 at the 2000 census. The village is located within Elk Rapids Township, near in proximity to Traverse City. Elk Rapids is a suburb. It is physically split by the Elk River, which runs between nearby Elk Lake and Grand Traverse Bay. The village is currently taking steps to ensure that its unique main street with local shops remains intact by restricting development by national chains until the Village Council can work out a long term development plan according to the Town Meeting, October 17, 2008. It has a quaint main street with a collection of small shops selling knickknacks.