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.
Tamms is a village in Alexander County, Illinois, United States. The population was 724 at the 2000 census. It is part of the Cape Girardeau–Jackson, MO-IL Metropolitan Statistical Area. Tamms is the location of the Tamms Correctional Center, a super-maximum correctional facility operated by the State of Illinois Department of Corrections.