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.
Hoopeston is a city in Grant Township, Vermilion County, Illinois, United States. It is part of the Danville, Illinois, Metropolitan Statistical Area. The population was 5,965 at the 2000 census. The town and its former Witch School were featured in the 2008 documentary film "Hoopeston," which premiered at the 15th New York Underground Film Festival.