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.
Libertyville is a northern suburb of Chicago in Lake County, Illinois, United States. It is located 5 miles west of Lake Michigan on the Des Plaines River. The 2000 census population was 20,742; the 2005 estimate was 21,760. (There is also a township of the same name, which includes the village and some surrounding areas. ) Located in northeastern Illinois southwest of Waukegan and west by northwest of Lake Forest, its immediate neighbors are Mundelein to the west, Lake Bluff to the east, Gurnee to the North and Vernon Hills to the south. Terry Weppler was elected mayor of Libertyville on April 8, 2009. Running on a platform of improving Libertyville by removing incompetence, he defeated incumbent Mayor Jeffrey Harger, 71 percent to 29 percent.