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.
Southgate is a city in Wayne County in the U.S. state of Michigan. The population was 30,136 at the 2000 census. Southgate was the last city to incorporate from the former Ecorse Township, gaining city status in October 1958. The city is bounded by Brest Road to the north, M-85/Fort Street on the east, Pennsylvania Road to the south, and Allen Road to the west. Southgate currently houses the headquarters of The News-Herald, a local Downriver newspaper which covers over twenty surrounding communities. During the late 1950s and 1960s, The Southgate Sentinel, a Mellus newspaper, was published. The city of Southgate also features the Splash Park/Downriver YMCA (also called Southgate Fun & Fitness Centre), as well as the Michigan headquarters for the Sonic Drive-In fast food restaurant chain.