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.
Gurnee is a village in Lake County, Illinois, United States. The population was 28,834 at the 2000 census, and estimated to be 30,772 in 2005. The village borders the city of Waukegan and is considered a part of the Chicago metropolitan area. The village is home to many Chicago Bears players, including NFL recordholder Devin Hester, and Warren Township High School graduate and Olympic track and field hopeful, Sarahbeth Jones. Gurnee has benefited from its location as the midway point between Milwaukee and Chicago.