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.
Seneca is a village in LaSalle and Grundy counties in the U.S. state of Illinois. The population was 2,053 at the 2000 census. The LaSalle County portion of Seneca is part of the Ottawa–Streator Micropolitan Statistical Area, while the small portion that lies in Grundy County is part of the Chicago–Naperville–Joliet Metropolitan Statistical Area. Seneca is home to the LaSalle County Generating Station, a nuclear power plant.