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.
Adair is an unincorporated community in McDonough County, Illinois. Adair is part of the New Salem Township. The town is served by U.S. Route 136, and the Chicago, Burlington and Quincy Railroad runs through the town. Adair was laid out in August 1870 under the name of Reedyville; though the name has never been officially changed, the location is known as Adair because that name was given to the post office.