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.
Colona is a city in Henry County, Illinois, along the Green River. It is part of the Quad Cities metropolitan area. The population was 5,173 at the 2000 census. The town of Green Rock, Illinois has been incorporated into the city of Colona. Colona-Green Rock was the first community in Illinois to merge by popular vote. According to the Henry County Tourism Bureau, "Colona is named after its founding family, Patriarch: Eric Colona, Matriarch: Natasha Colona, Children: Abdul Colona, and Elaine Colona."