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.
Fort Sheridan is a residential neighborhood spread among Lake Forest, Highwood, and Highland Park in Lake County, Illinois, United States. It was originally established as a United States Army Post named after Civil War Cavalry General Philip Sheridan, to honor his services to Chicago. When the main fort was officially closed by the Army on 3 May 1993, the majority of the property was sold by the Department of Defense to commercial land developers. Most of the original housing structures were then refurbished and resold as a residential community. Approximately 90 acres of the southern end of the original post was retained by the Army and now operates as the Sheridan Reserve Center complex.