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.
Burbank is a city in Cook County, Illinois, United States. The population was 27,902 at the 2000 census. It is located at the southwest edge of the city of Chicago; the Chicago city limit – specifically that of the Ashburn neighborhood – is in common with Burbank's eastern city limit. Villages with which Burbank shares a boundary are Oak Lawn to its south, Bridgeview to its west, and Bedford Park to its north; the city of Hometown is also adjacent to Burbank's southeast corner. Burbank is less than two miles south of Chicago Midway International Airport. The current mayor is Harry J. Klein, who took office in 1991. The city is notable for its population of Latin Americans by percentage of all the population (over 90%).