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.
Stambaugh was a city in Iron County in the U.S. state of Michigan. In the 2000 census, the city population was 1,243. Effective July 1, 2000, the city of Stambaugh and the village of Mineral Hills were both merged into the city of Iron River. The city was adjacent to Stambaugh Township, but was administratively autonomous.