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.
South Elgin is a village in Kane County, Illinois, United States. The population was 16,100 at the 2000 census, and estimated to be 20,758 as of 2005. In July 2007, Money magazine named South Elgin as 82 of 100 entries in its "America's Best Places To Live" edition.