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.
Park Forest is a village located south of Chicago in Cook County and Will County, Illinois, United States. As of the 2000 census, the village had a total population of 23,462. Park Forest is bordered by Chicago heights and Olympia Fields to the north, South Chicago Heights and Steger to the east, Crete and University Park to the south, and Richton Park and Matteson to the west.