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.
Techny is a neighborhood of Northbrook, Illinois, United States. Techny was once a separate community but was eventually annexed by Northbrook. The North American headquarters of the Divine Word Missionaries has been located in Techny since 1896. The Divine Word Missionaries opened St. Mary's Mission Seminary in Techny in 1909; this was the first seminary which prepared priests for foreign missions. Techny has its own post office with ZIP code 60082.