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.
Zion is a city in Lake County, Illinois, United States. The population was 22,866 at the 2000 census, and estimated at 24,303 as of 2005. The city was founded in July 1901 by John Alexander Dowie. He also started the Zion Tabernacle of the Christian Catholic Apostolic Church, which was the only church in town. It was built in the early 1900s and burned down in 1937.