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.
Secor is a village in Woodford County, Illinois, United States. The population was 379 at the 2000 census. It is part of the Peoria, Illinois Metropolitan Statistical Area. Secor is located just off U.S. Route 24 between El Paso and Eureka. Secor was named by Charles A. Secor, one of the builders of the Peoria and Oquawka Railroad.