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.
Pellston is a village in Emmet County in the U.S. state of Michigan. The population was 771 at the 2000 census. The village is the home of Pellston Regional Airport. Its motto is "Icebox of the Nation"; Pellston recorded the state of Michigan's record low temperature, a frigid -53°F. in 1933, and every winter is regularly called out in national weather reports, along with towns like Big Piney, Wyoming, Fraser, Colorado and International Falls, Minnesota, as one of the coldest spots in the nation. The village is on the boundary between Maple River Township and McKinley Township on United States Highway 31. Interstate 75 is about 10 miles (16.1 km) east of Pellston. Mackinaw City and the Mackinac Bridge is approximately 18 miles (29 km) north and Petoskey is about 20 miles (32.2 km) southwest of the village. The University of Michigan Biological Station is on nearby Douglas Lake.