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.
Baileyville is an unincorporated community in Ogle County, Illinois, and is located west of Rockford. In August, 2007, it marked its sesquicentennial with parade featuring the Baileyville Hillbillies, a group of townspeople who own a truck similar to the famed Beverly Hillbillies' Buick truck. The group decorates the truck in a manner similar to the truck in the television show, and dressed like the Clampett characters, rides in local parades.