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.
Elk Grove Village is a municipality located in northeastern Illinois adjacent to O'Hare International Airport and the City of Chicago. Elk Grove Village encompasses 10.9 square miles (28 km) in land area with 10.5 square miles (27 km) located in Cook County and 0.4 square miles (1.0 km) located in DuPage County, Illinois. The population was 34,727 at the 2000 census. As the name suggests, Elk Grove Village is home to a small herd of elk kept in a grove at the eastern edge of the Busse Woods forest preserve. However, elk are not native to the area, and the name "Elk Grove" actually comes from a mispronunciation of the Native American name for the place. Furthermore, the original elk herd was brought from Montana by an early resident, Busse, in the 1920s.