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.
Hamtramck is a city in Wayne County of the U.S. state of Michigan. As of the 2000 census, the city population was 22,976. Hamtramck is surrounded by the city of Detroit except for a small portion of the western border that touches the similarly surrounded city of Highland Park. Hamtramck is named for the French-Canadian soldier Jean François Hamtramck who was the first American commander of Fort Shelby, the fortification at Detroit. Hamtramck was originally settled by German farmers, but Polish immigrants flooded into the area when the Dodge Brothers plant opened in 1914. Poles used to make up a large proportion of the population. It is sometimes confused with Poletown, a traditional Polish neighborhood, which used to lie mostly in the city of Detroit and includes a small part of Hamtramck. As of the 2000 census, over 22% of Hamtramck's population is of Polish origin; in 1970, it was 90% Polish. Over the past thirty years, a large number of immigrants from the Middle East and South Asia have moved to the city. As of the 2000 census, the city's foreign born population stood at 41.1%, making it Michigan's most internationally diverse city (see more at Demographics below).