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.
Morton Grove is a village in Cook County, Illinois, United States. The population was 22,451 at the 2000 census. The Village President of Morton Grove since April 27, 2009 is Daniel J. Staackmann. The village is named after former United States Vice President Levi Parsons Morton, who was the driving force behind allowing the old Miller's Mill road to pass through the upstart neighborhood, and provide goods to trade and sell. Morton Grove was incorporated in December 1895.