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.
Houghton is a city in the U.S. state of Michigan's Upper Peninsula and largest city in the Copper Country on the Keweenaw Peninsula. As of the 2000 census, the city population was 7,010. It is the county seat of Houghton County. It has been listed as one of the "100 Best Small Towns in America. " Houghton is sometimes confused with, or thought to be close to, Houghton Lake; the latter is actually located in the state's Lower Peninsula. Due to its location in the northwestern portion of the Upper Peninsula, Houghton is isolated from the state's most populous areas. It is farther to drive from Houghton to Detroit than it is from Detroit to or Atlanta, Georgia or Washington, DC. It takes several hours less to travel to Chicago, Milwaukee, or Minneapolis from Houghton than it does to travel to Detroit. Houghton was named after Houghton County, which was named after Douglass Houghton. The area lends itself to a wide variety of outdoor sports, both winter and summer.