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Document Preview Agreement and Plan of Merger |
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Title: |
Agreement and Plan of Merger |
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Entities: |
Flexsteel Industries, Inc.; International Swaps & Derivatives Association, Inc.; Frost Brown Todd; Skadden, Arps, Slate, Meagher & Flom LLP; Churchill Acquisition Corp.; DMI Furniture Inc. |
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Date: |
2003 |
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Size: |
Preview shows 53KB of 162KB total |
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Price: |
$72 |
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ID: |
#125427 |
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Start of Preview |
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AGREEMENT AND PLAN OF MERGER
by and among
FLEXSTEEL INDUSTRIES, INC.
CHURCHILL ACQUISITION CORP.
and
DMI FURNITURE, INC.
dated
August 12, 2003
TABLE OF CONTENTS
| Page | ||||||
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Index of Defined Terms |
Index - i | |||||
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ARTICLE I |
THE OFFER AND MERGER |
2 | ||||
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Section 1.1 |
The Offer |
2 | ||||
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Section 1.2 |
Company Actions |
4 | ||||
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Section 1.3 |
Directors |
5 | ||||
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Section 1.4 |
The Merger |
6 | ||||
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Section 1.5 |
Effective Time |
7 | ||||
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Section 1.6 |
Closing |
7 | ||||
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Section 1.7 |
Directors and Officers of the Surviving Corporation |
7 | ||||
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Section 1.8 |
Subsequent Actions |
7 | ||||
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Section 1.9 |
Stockholders Meeting |
8 | ||||
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Section 1.10 |
Merger Without Meeting of Stockholders |
9 | ||||
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ARTICLE II |
CONVERSION OF SECURITIES |
9 | ||||
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Section 2.1 |
Conversion of Capital Stock |
9 | ||||
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Section 2.2 |
Paying Agent |
10 | ||||
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Section 2.3 |
Dissenting Shares |
11 | ||||
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Section 2.4 |
Company Equity Plans |
12 | ||||
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ARTICLE III |
REPRESENTATIONS AND WARRANTIES OF THE COMPANY |
13 | ||||
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Section 3.1 |
Organization |
14 | ||||
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Section 3.2 |
Subsidiaries and Affiliates |
14 | ||||
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Section 3.3 |
Capitalization |
15 | ||||
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Section 3.4 |
Authorization; Validity of Agreement; Company Action |
17 | ||||
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Section 3.5 |
Board Approvals |
17 | ||||
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Section 3.6 |
Required Vote |
18 | ||||
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Section 3.7 |
Consents and Approvals; No Violations |
18 | ||||
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Section 3.8 |
Company SEC Documents and Financial Statements |
19 | ||||
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Section 3.9 |
Absence of Certain Changes |
20 | ||||
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Section 3.10 |
No Undisclosed Liabilities |
20 | ||||
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Section 3.11 |
Litigation; Orders |
20 | ||||
i
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Section 3.12 |
Employee Benefit Plans; ERISA |
21 | ||||
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Section 3.13 |
Taxes |
24 | ||||
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Section 3.14 |
Contracts |
26 | ||||
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Section 3.15 |
Real and Personal Property |
27 | ||||
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Section 3.16 |
Intellectual Property |
27 | ||||
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Section 3.17 |
Labor Matters |
28 | ||||
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Section 3.18 |
Compliance with Laws |
30 | ||||
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Section 3.19 |
Condition of Assets |
31 | ||||
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Section 3.20 |
Customers and Suppliers |
31 | ||||
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Section 3.21 |
Environmental Matters |
31 | ||||
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Section 3.22 |
Insurance |
34 | ||||
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Section 3.23 |
Certain Business Practices |
35 | ||||
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Section 3.24 |
Schedule 14D-9 and the Proxy Statement; Information in the Offer Documents |
35 | ||||
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Section 3.25 |
Opinion of Financial Advisor |
35 | ||||
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Section 3.26 |
Brokers |
36 | ||||
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ARTICLE IV |
REPRESENTATIONS AND WARRANTIES OF PARENT AND THE PURCHASER |
36 | ||||
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Section 4.1 |
Organization |
36 | ||||
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Section 4.2 |
Authorization; Validity of Agreement; Necessary Action |
36 | ||||
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Section 4.3 |
Consents and Approvals; No Violations |
37 | ||||
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Section 4.4 |
Offer Documents; Information in the Proxy Statement |
37 | ||||
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Section 4.5 |
Brokers |
38 | ||||
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Section 4.6 |
Financing |
38 | ||||
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Section 4.7 |
Purchaser |
38 | ||||
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ARTICLE V |
CONDUCT OF BUSINESS PENDING THE MERGER |
38 | ||||
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Section 5.1 |
Interim Operations of the Company |
38 | ||||
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Section 5.2 |
No Solicitation |
42 | ||||
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ARTICLE VI |
ADDITIONAL AGREEMENTS |
45 | ||||
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Section 6.1 |
Notification of Certain Matters |
45 | ||||
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Section 6.2 |
Access; Confidentiality |
45 | ||||
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Section 6.3 |
Publicity |
46 | ||||
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Section 6.4 |
Insurance and Indemnification |
46 | ||||
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Section 6.5 |
Third Party Standstill Agreements |
48 | ||||
ii
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Section 6.6 |
Reasonable Best Efforts |
48 | ||||
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Section 6.7 |
State Takeover Laws |
48 | ||||
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Section 6.8 |
Employee Benefits |
48 | ||||
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ARTICLE VII |
CONDITIONS |
50 | ||||
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Section 7.1 |
Conditions to Each Partys Obligations to Effect the Merger |
50 | ||||
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ARTICLE VIII |
TERMINATION |
51 | ||||
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Section 8.1 |
Termination |
51 | ||||
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Section 8.2 |
Notice of Termination; Effect of Termination |
52 | ||||
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ARTICLE IX |
MISCELLANEOUS |
53 | ||||
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Section 9.1 |
Amendment and Modification |
53 | ||||
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Section 9.2 |
Non-survival of Representations and Warranties |
53 | ||||
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Section 9.3 |
Expenses |
53 | ||||
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Section 9.4 |
Notices |
53 | ||||
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Section 9.5 |
Interpretation |
55 | ||||
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Section 9.6 |
Jurisdiction |
55 | ||||
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End of Preview |
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