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.
Bonfield is a village in Kankakee County, Illinois, United States. Bonfield's population was 364 at the 2000 census. It is included in the Kankakee-Bradley, Illinois Metropolitan Statistical Area. Although founded by quarryman Thomas Verkler, the village was named after Thomas Bonfield, an attorney for the Kankakee & Seneca Railroad Company, which established a depot in the village. A name was needed for this depot, someone suggested "Bonfield", and that's what stuck. The railroad has long since disappeared into history but it had been on Johnson Street. Old railroad spikes and ties might still be found around the limestone quarry. The depot was moved about a mile and a half south of the village and converted to a barn, which remains today (12/31/2007). The town originally had a high school, but it burned down in the early 1930s. Students then went to Herscher High School in Herscher, Illinois.