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.
Frankfort is an affluent village in Will and Cook Counties, Illinois, United States. The population was 10,391 at the 2000 census. The population according to Forbes. com was 16,928 in 2006. Also, according to Forbes. com, the village ranks as the 36th fastest growing suburb in the United States. In addition to the current population growth, the Northeastern Illinois Planning Commission has forecast the population to reach 55,797 in 2030.