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.
Plano is a city in Kendall County, Illinois, United States and is a southwest suburb of Chicago. The population was 5,633 at the 2000 census. The city is rapidly growing with new subdivisions such as Lakewood Springs nearly complete and several other developments under construction or in the planning stages. Former Speaker of the House of Representatives Dennis Hastert lives at a farm north of Plano.