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.
El Paso is a city in McLean and Woodford Counties in the U.S. state of Illinois. The population was 2,695 at the 2000 census. The Woodford County portion of El Paso is part of the Peoria, Illinois Metropolitan Statistical Area. El Paso is a small community in Central Illinois that took on more characteristics of a highway community after Interstate 39 was built (U.S. Highway 51, the old major north/south road, was overlapped onto the new Interstate after its construction). In addition, El Paso is a potential stop for Chicago-Peoria traffic via U.S. Highway 24.