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.
Aurora is the second largest city in Illinois, with a population of 171,782 (2008 est. ) and part of the Chicago metropolitan area. The city refers to itself as "The City of Lights" because it was one of the first cities in the United States to implement an all-electric street lighting system in 1881. Aurora officially adopted the nickname in 1908.