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.
Groveland is an unincorporated community in Tazewell County, Illinois, United States. It has a small library, a school, a gas station, a war memorial, and Pyramid Printing Inc. It has approximately 750 residents and is located near Pekin, Illinois and Morton, Illinois. It lies within ten miles of Peoria, near Springfield Road and Edgewater Drive, which is Illinois State Route 98. Groveland is a part of the Peoria, Illinois Metropolitan Statistical Area.