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.
Amboy is a city in Lee County, Illinois, along the Green River. The population was 2,561 at the 2000 census. The chain of Carson Pirie Scott & Co. began in Amboy when Samuel Carson opened his first dry goods store there in 1854. The Christian denomination Community of Christ, formerly the Reorganized Church of Jesus Christ of Latter day Saints, had a general conference in Amboy on April 6, 1860, at which time Joseph Smith III reorganized the church founded by his father Joseph Smith, Jr.