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.
Milan is a city in Monroe and Washtenaw counties in the U.S. state of Michigan. The population was 4,775 at the 2000 census. About 60% of the city's area and 75% of its residents are located on the Washtenaw County side adjacent to York Township in Washtenaw County; while 40% percent of the city's area and 25% of its residents are located on the Monroe County side adjacent to Milan Township. The city was founded in 1831 by John Marvin, who named it Tolanville after his son-in-law. Both Marvin and Tolan still have streets named for them, but the town was later renamed after the famous city of Milan in Italy. Milan was a village until 1967, when it was incorporated as a city. The city's name is pronounced differently from the English name for the Italian city of the same name: pronounced /ˈmaɪlən/ .