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.
Lockport is a city in Will County, Illinois, United States that incorporated in 1853. Lockport is located in northeastern Illinois, 30 miles southwest of Chicago, and north of Joliet, at locks connecting Chicago Sanitary and Ship Canal with the Des Plaines River via the Lockport Powerhouse. Lockport was the headquarters of the operationally defunct Illinois and Michigan Canal. A section of the canal runs through Lockport, including the remains of the canal's Lock No. 1 from which the town received its name. The canal right-of-way is now the Illinois and Michigan National Heritage Corridor. File:Lock_Number_1_Lockport_IL. jpg|Lock #1, Lockport, IL