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.
Manistique is a city in the Upper Peninsula of the U.S. state of Michigan. As of the 2000 census, the city population was 3,583. It is the county seat of Schoolcraft County and the only incorporated community in the county. The city lies on the north shore of Lake Michigan, at the southwest corner of Manistique Township, but is politically autonomous. Manistique was founded where the Manistique River flows into Lake Michigan, forming somewhat of a natural harbor, which has since been improved with breakwaters, dredging, and a lighthouse. The river also provides water for a paper mill, Manistique Papers, which forms a large portion of the local economy. The economy also depends heavily on tourism. The city is also the first setting of the musical The Christmas Schooner.