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.
Plainfield is a village in Will County, Illinois, United States. As of the 2007 special census, the population is 37,334. The Village includes land in Plainfield and Wheatland townships. Part of Plainfield is located in Kendall County. With the growth in the Chicago suburbs in the 1990s and 2000s, the village has seen a building boom and a rapid population increase, from 4,500 in 1990 to 13,000 in 2000 to over 37,000 in 2007. Based on estimates created by the village and state government, Plainfield's population could grow as large as 120,000 by 2030. Plainfield is also the fastest growing village in Will county. The Village has established a community Preservation Commission and historic preservation ordinance. It is the home of the Lake Renwick Preserve, a county forest preserve used for birdwatching and other activities.