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.
Paw Paw is a village in the U.S. state of Michigan. As of the 2000 census, the village population was 3,363. It is the county seat of Van Buren County. The village is located at the confluence of the east and south branches of the Paw Paw River in the northeast portion of Paw Paw Township, but is politically independent. Paw Paw was incorporated in 1837 and is located in the southwestern portion of Michigan, on Interstate 94 approximately 20 miles west of Kalamazoo. Paw Paw is in a rural location whose primary agricultural product is grapes, which are used both in the local Michigan wine industry and for juice and jellies. The St. Julian Winery and Warner's Winery started in Paw Paw. Paw Paw has an annual Wine and Harvest Festival, which traditionally occurs the weekend following Labor Day. The Festival features a beer tent, bandstand, live music, a popular grape stomping competition among barefoot locals, carnival foods, and fireworks over scenic Maple Lake. Fine dining establishments in the Theater District cater to attendees of the Festival. Paw Paw is named for the pawpaw trees which once grew along the Paw Paw River. However, the pawpaw trees are less common at present due to the clearing of the shade trees that pawpaws require. An experimental planting of pawpaw trees on the high school grounds failed to flourish due to its location in an open, sunny field. Paw Paw has also recently gained national prominence as the site of the Great Wheelchair Ride of Ben Carpenter (2007) The story of this event was carried by most major news media organizations, including the BBC.