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.
Edelstein is an unincorporated village just off Illinois Route 40 in Peoria County, Illinois, 17.15 miles (27.60 km) north of Peoria City Hall, approximately 7.5 miles (12.1 km) north of the city limits of Peoria, and 7.5 miles (12.1 km) west of Chillicothe, Illinois. Edelstein's main business is a manufacturing company named International Supply Company, which owns several blocks of the village. On Thursday morning, June 25, 2009, the historic Hub Ballroom was destroyed by fire. Built in 1938, this building hosted celebrity appearances by Glenn Miller, Guy Lombardo, Jerry Lee Lewis, etc.