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.
Streator is a city in LaSalle and partially in Livingston counties in the U.S. state of Illinois. The city is situated on the Vermilion River approximately 81 miles (130 km) southwest of Chicago, Illinois in the prairie and farm land of north-central Illinois. According to the 2000 U.S. census the population of Streator was 14,190 people. Streator was named for Dr. Worthy S. Streator, an Ohio industrialist who financed the region's first coal mining operation. It was incorporated as a city in 1868. Streator's early growth was due to its success as a coal producer, a major glass manufacturer and a railroad hub in the midwest. Today Streator's economy is led by heavy-equipment manufacturer Vactor, food manufacturer U.S. Foodservice and glass bottle manufacturer Owens-Illinois. The city is the hometown of Clyde Tombaugh, who discovered the dwarf planet Pluto in 1930,, and George "Honey Boy" Evans, who wrote "In the Good Old Summertime. " Streator hosts annual events including the Roamer Cruise Night and the Heritage Days celebration each July 4th. Streator is governed by a Manager–council style of government. It maintains police and fire departments as well as a public works system. The mayor is Ray Schmitt.