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Document Preview Agreement and Plan of Merger and Exchange |
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Title: |
Agreement and Plan of Merger and Exchange |
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Entities: |
Havas; InterActiveCorp; Liberty Media International Inc.; Vivendi Universal SA; Bank of New York; Cravath, Swaine & Moore LLP |
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Date: |
2001 |
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Size: |
Preview shows 13KB of 154KB total |
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Price: |
$59 |
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ID: |
#1128328 |
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Start of Preview |
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EXECUTION AGREEMENT
==============================================================================
AGREEMENT AND PLAN OF MERGER AND EXCHANGE
Among
VIVENDI UNIVERSAL, S.A.,
UNIVERSAL STUDIOS, INC.,
LIGHT FRANCE ACQUISITION 1, S.A.S.,
THE MERGER SUBSIDIARIES LISTED
ON THE SIGNATURE PAGE HERETO,
LIBERTY MEDIA CORPORATION,
LIBERTY PROGRAMMING COMPANY LLC,
LIBERTY PROGRAMMING FRANCE, INC.,
LMC USA VI, INC.,
LMC USA VII, INC.,
LMC USA VIII, INC.,
LMC USA X, INC.,
LIBERTY HSN LLC HOLDINGS, INC.
AND
THE LIBERTY HOLDING ENTITIES LISTED
ON THE SIGNATURE PAGE HERETO
Dated as of December 16, 2001
==============================================================================
<PAGE>
Page
TABLE OF CONTENTS
ARTICLE I
Definitions and Usage
SECTION 1.01. Definitions and Usage.........................................2
ARTICLE II
Transactions and Closing
SECTION 2.01. Exchange of USANi Shares for USAi Common
Shares......................................................2
SECTION 2.02. Share Exchanges and Mergers...................................3
SECTION 2.03. Effects of Mergers on Capital Stock of
Constituent Corporations....................................5
SECTION 2.04. Closing Date; Effective Time;
Dissolution.................................................6
SECTION 2.05. Effects of Mergers............................................7
SECTION 2.06. Certificates of Incorporation and By-
laws........................................................7
SECTION 2.07. Directors.....................................................7
SECTION 2.08. Officers......................................................7
SECTION 2.09. Withholding...................................................8
ARTICLE III
Representations and Warranties of Universal Parties
SECTION 3.01. Organization, Standing and Power..............................8
SECTION 3.02. Authority; Execution and Delivery;
Enforceability..............................................9
SECTION 3.03. No Conflicts; Consents........................................9
SECTION 3.04. Merger Subsidiaries..........................................10
SECTION 3.05. Vivendi Securities...........................................10
SECTION 3.06. Taxes........................................................11
SECTION 3.07. Absence of Certain Changes or Events.........................12
SECTION 3.08. Financial Statements; Contingent
Liabilities................................................12
SECTION 3.09. Litigation...................................................13
SECTION 3.10. Foreign Private Issuer.......................................13
SECTION 3.11. Reports......................................................13
SECTION 3.12. Compliance with Laws.........................................14
<PAGE>
Contents, p. ii
Page
ARTICLE IV
Representations and Warranties of the Liberty Parties
SECTION 4.01. Organization, Standing and Power.............................14
SECTION 4.02. Authority; Execution and Delivery;
Enforceability.............................................15
SECTION 4.03. No Conflicts; Consents.......................................15
SECTION 4.04. Capitalization; Ownership and Validity
of Shares..................................................16
SECTION 4.05. No Liabilities of the Liberty Holding
Entities...................................................18
SECTION 4.06. Taxes........................................................19
SECTION 4.07. Investment Intent............................................21
ARTICLE V
Agreements and Covenants
SECTION 5.01. Reasonable Best Efforts......................................21
SECTION 5.02. Expenses; Transfer Taxes.....................................23
SECTION 5.03. Publicity....................................................23
SECTION 5.04. Further Assurances...........................................24
SECTION 5.05. Tax Treatment................................................24
SECTION 5.06. Tax Matters..................................................25
SECTION 5.07. Resignation of multiThematiques
Directors..................................................25
SECTION 5.08. Vivendi Securities...........................................25
SECTION 5.09. Put Option Agreements........................................25
ARTICLE VI
Conditions Precedent
SECTION 6.01. Conditions to Each Party's Obligation........................26
SECTION 6.02. Conditions to the Obligations of the
Universal Parties..........................................26
SECTION 6.03. Conditions to the Obligations of the
Liberty Parties............................................27
<PAGE>
Page
ARTICLE VII
Termination
SECTION 7.01. Termination..................................................28
SECTION 7.02. Effect of Termination........................................29
ARTICLE VIII
Indemnification
SECTION 8.01. Indemnification..............................................29
SECTION 8.02. Survival.....................................................34
ARTICLE IX
Restrictions on Transfers
SECTION 9.01. Restrictions on Transfers....................................35
SECTION 9.02. Transfers Permitted at any Time..............................36
ARTICLE X
Standstill
SECTION 10.01. Standstill..................................................36
ARTICLE XI
Registration Rights
SECTION 11.01. Registration Rights.........................................39
SECTION 11.02. Blackout Periods............................................39
ARTICLE XII
Miscellaneous
SECTION 12.01. Approval of Transactions....................................41
SECTION 12.02. Notices.....................................................41
SECTION 12.03. No Third Party Beneficiaries................................42
<PAGE>
Contents, p. iv
Page
SECTION 12.04. Waiver......................................................42
SECTION 12.05. Assignment..................................................42
SECTION 12.06. Integration.................................................42
SECTION 12.07. Headings....................................................43
SECTION 12.08. Counterparts................................................43
SECTION 12.09. Severability................................................43
SECTION 12.10. Governing Law...............................................43
SECTION 12.11. Jurisdiction................................................43
SECTION 12.12. Specific Performance........................................44
SECTION 12.13. Amendments..................................................44
SECTION 12.14. Interpretation..............................................44
SECTION 12.15. Adjustment of Share Numbers.................................45
SCHEDULE I Exchange of USANi Shares for USAi
Shares and USAi Share Exchange I
SCHEDULE II USAi Share Exchange II
SCHEDULE III Mergers
SCHEDULE 2.02(d) Allocation
SCHEDULE 4.06(b) Taxes
SCHEDULE 12.02 Addresses and Facsimile Numbers for
Notices
EXHIBIT A Certificates of Incorporation of
Surviving Corporations
EXHIBIT B Deposit Agreement
EXHIBIT C Capitalization of Liberty Holding
Entities
<PAGE>
EXECUTION COPY
AGREEMENT AND PLAN OF MERGER AND
EXCHANGE (this "Agreement") dated as of
December 16, 2001, by and among VIVENDI
UNIVERSAL, S.A., a societe anonyme organized
under the laws of France ("Vivendi"),
UNIVERSAL STUDIOS, INC., a Delaware
corporation ("Universal"), LIGHT FRANCE
ACQUISITION 1, S.A.S., a societe par actions
simplifee organized under the laws of France
and a direct, wholly-owned subsidiary of
Vivendi ("Universal France"), each of the
Merger Subsidiaries (as defined herein),
LIBERTY MEDIA CORPORATION, a Delaware
corporation ("Liberty"), LMC USA VI, INC., a
Delaware corporation, LMC USA VII, INC., a
Delaware corporation, LMC USA VIII, INC., a
Delaware corporation, LMC USA X, INC., a
Delaware corporation, LIBERTY HSN LLC
HOLDINGS, INC., a Delaware corporation,
LIBERTY PROGRAMMING COMPANY LLC, a limited
liability company formed under the laws of
the state of Delaware ("LPC"), LIBERTY
PROGRAMMING FRANCE, INC., a Delaware
corporation ("LPF"), and each of the Liberty
Holding Entities (as defined herein).
Preliminary Statement
WHEREAS, Universal desires to purchase from certain Liberty Parties
(as defined below), and such Liberty Parties desire to sell to Universal,
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