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.
Pearl City is a village in Stephenson County, Illinois, United States. The population was 780 at the 2000 census. The Pearl City "Wolves" and EPC "Wildcats" are the local school sports teams. Pearl City is home to three churches, Zion Community, St. John's Lutheran, and Pearl City Methodist. There are two local 4-H clubs, The Pearl City Hornets, and the Pearl Valley Rangers. Civic organizations include The American Legion and Lions Club. The town also holds an annual "Homecoming" celebration, parade, fireworks, and dinner.