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.
Roselle is a village located in both Cook County and DuPage County, Illinois. Roselle is located in the northern edge of DuPage County 30 miles from downtown Chicago. The population was 23,115 at the 2000 census. First incorporated in 1922, Roselle can correctly be categorized as a bedroom community — that is, a community that largely consists of residential zoning in both income streams and geographical area. Residents generally commute to Chicago or nearby suburbs for their jobs. As a result, the early rural atmosphere of the community has been lost over the past 30 years. There are three main commercially-zoned areas in the village. One is along the southern border of the town along Lake Street (U.S. Route 20), the second is in the center of the village near the historical center of Park Street and Irving Park Road (Illinois Route 19). In 2005, a new downtown business development opened along the Soo Line Railroad tracks just north of the town center (Main Street Station), the third is along Nerge Road the northern edge of the village. Plans are currently underway for the redevelopment of the Downtown District in addition to Main Street Station. The several phase project is collectively known as Village Crossing.