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.
Hanna City is a village in Peoria County, Illinois, United States. The population was 1,013 at the 2000 census. Hanna City is part of the Peoria, Illinois Metropolitan Statistical Area. Hanna City was founded in 1882 and named after William Hanna [b. 1827] who was President of the Peoria-Farmington Railroad, which ran through Hanna City. While originally a farming community, coal was soon discovered under the town. The coal mine was a major factor in the early years of the town and kept it thriving for more than half a century. Hanna City is also the home to the famous restaurant, Gils.