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.
Tilton is a village in Danville Township, Vermilion County, Illinois, United States. It is part of the 'Danville, Illinois Metropolitan Statistical Area'. The population was 2,976 at the 2000 census. It is named after Charles Tilton, a friend of Abraham Lincoln, who worked for the railroads. Lincoln reputedly had Thanksgiving dinner at Tilton's house in the village in the 1850s.