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.
North Chicago is an outer suburb/exurb of the Chicago metropolitan area and is an incorporated city in Lake County, Illinois, United States. The population was 35,918 at the 2000 census. North Chicago hosts the Great Lakes Naval Training Center and the manufacturing headquarters of Abbott Laboratories. The city is also home to Rosalind Franklin University of Medicine and Science, which houses the Chicago Medical School and the Dr. William M. Scholl College of Podiatric Medicine.