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.
Wayland is a city in Allegan County in the U.S. state of Michigan. The population was 3,939 at the 2000 census. The city is located at the northwest corner of Wayland Township, but is politically independent. The city has also incorporated a portion of land in the south of adjacent Leighton Township. U.S. Route 131 forms the western boundary of the city. A portion of Gun Lake also resides in Wayland, which is a popular summer time area because of the so called "Party Island" that resides in the very large lake. Al Capone actually owned a house overlooking the vast lake front.