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.
Scottville is a city in Mason County in the U.S. state of Michigan. The population was 1,266 at the 2000 census. The city of Scottville itself is approximately 10 miles east of Ludington, in rural Mason County. Ludington is the county seat for Mason County. Ludington is considered a tourist town and many major recreational events are scheduled in the summer months with the Scottville Clown Band. On July 23, 2007 Governor Jennifer Granholm announced Scottville as the community chosen by the Michigan State Housing Development Authority (MSHDA) to take part in the Cool Cities Michigan Main Street program. Scottville will receive five years of intensive technical assistance through MSHDA, to help create opportunities for new development, economic growth and jobs. A similar award, the Blueprints for Downtowns award, were announced to be received by the communities of Caro, Clio and Ypsilanti.