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.
Western Springs is an affluent suburb of Chicago located in Cook County, Illinois. As of the 2000 census, the village had a total population of 12,493. It is twinned with Rugeley, a small town in the United Kingdom. In November, 2007, BusinessWeek. com listed Western Springs second in a list of the 50 best places to raise children. The rankings were based on five factors, including school test scores, cost of living, recreational and cultural activities, number of schools and risk of crime. Western Springs ranked behind Groesbeck, Ohio.