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.
Saline (as in Celine) is a city in Washtenaw County in the U.S. state of Michigan. As of the 2000 census, the city population was 8,034. The city is popular for its annual Celtic Festival, which attracts people from all over the United States and its sister cities Brecon, Wales(established 1966) and Lindenberg, Germany (established 2003). It is also the hometown of the Saline Fiddlers and Fiddlers ReStrung, two nationally renowned high school bluegrass/fiddle groups. Saline, whose well-regarded school district is perhaps its biggest draw, was ranked the 43rd best place to live out of 1,300 rated cities in the United States in a 2005 CNN/Money Magazine poll, 59th in 2007's poll, and 63rd in 2009's CNN/Money Magazine and also made CNN/Money's list of best places to retire in 2005.