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Title: |
Agreement and Plan of Merger |
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Entities: |
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Date: |
2002 |
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Size: |
Preview shows 31KB of 271KB total |
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Price: |
$69 |
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ID: |
#1128013 |
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Start of Preview |
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AGREEMENT AND PLAN OF MERGER
dated as of
November 20, 2002
by and among
USA INTERACTIVE,
RED WING, INC.,
ENTERTAINMENT PUBLICATIONS, INC.,
and
CARLYLE-EPI PARTNERS, L.P.
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Page
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|---|---|---|---|---|---|
| ARTICLE I. THE MERGER | 1 | ||||
Section 1.1 |
Plan of Merger |
1 | |||
| Section 1.2 | Payment and Exchange of Certificates | 5 | |||
| Section 1.3 | Form of Consideration | 7 | |||
| Section 1.4 | Escrow | 8 | |||
| Section 1.5 | Holder Allocable Expenses | 8 | |||
| Section 1.6 | Preparation of Statements of Working Capital | 9 | |||
| Section 1.7 | Adjustments Resulting from December 20 2002 Working Capital | 10 | |||
| Section 1.8 | Preparation of Statement of December Cash | 10 | |||
ARTICLE II. REPRESENTATIONS AND WARRANTIES OF THE COMPANY |
11 | ||||
Section 2.1 |
Corporate Organization of the Company |
11 | |||
| Section 2.2 | Subsidiaries | 12 | |||
| Section 2.3 | Capitalization of the Company | 12 | |||
| Section 2.4 | Capitalization of Subsidiaries | 12 | |||
| Section 2.5 | Due Authorization | 13 | |||
| Section 2.6 | No Conflict | 13 | |||
| Section 2.7 | Financial Statements; Liabilities | 13 | |||
| Section 2.8 | Employee Benefits | 14 | |||
| Section 2.9 | Contracts; No Defaults | 16 | |||
| Section 2.10 | Absence of Certain Changes | 17 | |||
| Section 2.11 | Absence of Certain Activities | 18 | |||
| Section 2.12 | Title to Assets | 18 | |||
| Section 2.13 | Intellectual Property; Software | 19 | |||
| Section 2.14 | Real Property | 23 | |||
| Section 2.15 | Litigation and Actions | 23 | |||
| Section 2.16 | Labor Relations | 24 | |||
| Section 2.17 | Legal Compliance | 25 | |||
| Section 2.18 | Environmental Matters | 25 | |||
| Section 2.19 | Taxes | 26 | |||
| Section 2.20 | Governmental Authorities: Consents | 27 | |||
| Section 2.21 | Licenses, Permits and Authorizations | 28 | |||
| Section 2.22 | Insurance | 28 | |||
| Section 2.23 | Brokers' Fees | 28 | |||
| Section 2.24 | Transactions with Certain Persons | 28 | |||
| Section 2.25 | Accounts Receivable | 28 | |||
| Section 2.26 | Certain Business Practices | 28 | |||
| Section 2.27 | Books and Records | 29 | |||
| Section 2.28 | Bank Accounts | 29 | |||
ARTICLE III. REPRESENTATIONS AND WARRANTIES OF ACQUIROR AND MERGER SUB |
29 | ||||
Section 3.1 |
Corporate Organization |
29 | |||
| Section 3.2 | Due Authorization | 29 | |||
| Section 3.3 | No Conflict | 30 | |||
| Section 3.4 | Acquiror SEC Documents | 30 | |||
| Section 3.5 | Litigation and Actions | 31 | |||
i
| Section 3.6 | Governmental Authorities: Consents | 31 | |||
| Section 3.7 | Capitalization | 32 | |||
| Section 3.8 | Financial Ability | 32 | |||
| Section 3.9 | Brokers' Fees | 32 | |||
ARTICLE IV. COVENANTS OF THE COMPANY |
32 | ||||
Section 4.1 |
Conduct of Business |
32 | |||
| Section 4.2 | Inspection | 34 | |||
| Section 4.3 | No Solicitation | 34 | |||
| Section 4.4 | Notification of Certain Matters | 35 | |||
| Section 4.5 | Australia | 35 | |||
| Section 4.6 | Company Shareholders Meeting | 35 | |||
ARTICLE V. COVENANTS OF ACQUIROR |
36 | ||||
Section 5.1 |
Indemnification and Insurance |
36 | |||
| Section 5.2 | Employee Benefit Matters | 36 | |||
| Section 5.3 | Indebtedness | 37 | |||
| Section 5.4 | Employee Bonuses | 37 | |||
| Section 5.5 | Notification of Certain Matters | 37 | |||
| Section 5.6 | Conduct of Business | 37 | |||
| Section 5.7 | NASDAQ Delisting | 38 | |||
| Section 5.8 | Registration | 38 | |||
| Section 5.9 | Registration Rights Agreement | 39 | |||
ARTICLE VI. JOINT COVENANTS |
39 | ||||
| Section 6.1 | Confidentiality | 39 | |||
| Section 6.2 | HSR Act and Foreign Antitrust Approvals | 40 | |||
| Section 6.3 | Support of Transaction | 40 | |||
| Section 6.4 | Update Information | 41 | |||
| Section 6.5 | Registration Rights Agreement | 41 | |||
| Section 6.6 | Further Action | 41 | |||
ARTICLE VII. CLOSING |
41 | ||||
Section 7.1 |
Filing of Certificate of Merger |
41 | |||
| Section 7.2 | Closing | 42 | |||
ARTICLE VIII. CONDITIONS TO OBLIGATIONS |
43 | ||||
Section 8.1 |
Conditions to Obligations of All Parties |
43 | |||
| Section 8.2 | Conditions to Obligations of Acquiror and Merger Sub | ||||
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