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.
Lexington is a city in McLean County, Illinois, United States. The population was 1,912 at the 2000 census. It was named for the Lexington, Kentucky, where the town's founder General Ashael Gridley was born, and the Battle of Lexington, where General Gridley's father fought. John Patton Log Cabin and the Lexington Community Unit School District 7 campus, including Lexington High School, are located in Lexington. Lexington is home of the Lexington Snipes. The Snipes are an Amateur Baseball team made up of the best local and regional collegiate talent. The Snipes won the Central Illinois Baseball League Championship in 2006 and the Eastern Illinois Baseball League Championship in 2008 and 2009.