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.
Elwin is an unincorporated community in the city of Decatur, Illinois, located in Macon County, Illinois. The community is located on U.S. Route 51 in the central portion of the county. Elwin was named after its founders Elwood and Martin. As of 2009, Elwin's population is 163 people. Since the 2000 United States Census, it has had a population growth of -1.72 percent.