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Title: |
Agreement and Plan of Merger |
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Date: |
2001 |
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Size: |
Preview shows 14KB of 267KB total |
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Price: |
$73 |
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ID: |
#1273877 |
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AGREEMENT AND PLAN OF MERGER
BY AND AMONG
DIVINE, INC.
DI1 ACQUISITION COMPANY
AND
OPEN MARKET, INC.
AUGUST 15, 2001
<PAGE>
TABLE OF CONTENTS
<TABLE>
<CAPTION>
PAGE
<S> <C> <C>
ARTICLE I The Merger; Effective Time; Closing.............................................................2
1.1 The Merger......................................................................................2
1.2 Effective Time..................................................................................2
1.3 Closing.........................................................................................2
1.4 Effect of the Merger............................................................................2
1.5 Appraisal Rights................................................................................2
ARTICLE II The Surviving Corporation.......................................................................3
2.1 Certificate of Incorporation; Name..............................................................3
2.2 Bylaws..........................................................................................3
2.3 Additional Actions..............................................................................3
ARTICLE III Directors and Officers of the Surviving Corporation.............................................3
3.1 Directors.......................................................................................3
3.2 Officers........................................................................................3
ARTICLE IV Merger Consideration; Conversion or Cancellation of Shares in the Merger........................3
4.1 Share Consideration for the Merger; Conversion or Cancellation of Shares in the Merger..........3
4.2 Payment for Shares in the Merger................................................................6
4.3 Cash For Fractional Parent Shares...............................................................7
4.4 Transfer of Shares after the Effective Time.....................................................7
4.5 Lost, Stolen or Destroyed Certificates..........................................................8
4.6 Withholding Rights..............................................................................8
ARTICLE V Representations and Warranties..................................................................8
5.1 Representations and Warranties of Parent and Merger Sub.........................................8
5.2 Representations and Warranties of the Company..................................................19
ARTICLE VI Additional Covenants and Agreements............................................................39
6.1 Conduct of Business of the Company.............................................................39
6.2 Conduct by Parent..............................................................................42
6.3 No Solicitation................................................................................43
6.4 Meeting of Stockholders........................................................................45
6.5 Registration Statement.........................................................................46
6.6 Reasonable Efforts.............................................................................46
6.7 Access to Information..........................................................................47
6.8 Publicity......................................................................................48
6.9 Affiliates of the Company and Parent...........................................................48
6.10 Maintenance of Insurance.......................................................................48
6.11 Representations and Warranties.................................................................48
6.12 Filings; Other Action..........................................................................48
6.13 Tax-Free Reorganization Treatment..............................................................49
6.14 Nasdaq Listing.................................................................................49
6.15 Indemnification................................................................................49
[6.16 Sale of Company Software Products].............................................................50
6.17 Registration on Form-S-8.......................................................................51
6.18 Section 16(b)..................................................................................51
<PAGE>
6.19 Takeover Statutes..............................................................................51
6.20 Further Amendments to Rights Plan..............................................................51
6.21 Information Regarding Parent Activities........................................................51
ARTICLE VII Conditions.....................................................................................52
7.1 Conditions to Each Party's Obligations.........................................................52
7.2 Conditions to the Obligations of the Company...................................................53
7.3 Conditions to the Obligations of Parent........................................................54
ARTICLE VIII Termination....................................................................................55
8.1 Termination by Mutual Consent..................................................................55
8.2 Termination by either the Company or Parent....................................................55
8.3 Termination by the Company.....................................................................56
8.4 Termination by Parent..........................................................................57
8.5 Effect of Termination; Termination Fee.........................................................58
ARTICLE IX Miscellaneous and General......................................................................60
9.1 Payment of Expenses............................................................................60
9.2 Non-Survival of Representations and Warranties.................................................60
9.3 Modification or Amendment......................................................................60
9.4 Waiver of Conditions...........................................................................60
9.5 Counterparts...................................................................................60
9.6 Governing Law; Jurisdiction....................................................................60
9.7 Notices........................................................................................61
9.8 Entire Agreement; Assignment...................................................................62
9.9 Parties in Interest............................................................................62
9.10 Certain Definitions............................................................................62
9.11 Severability...................................................................................65
9.12 Specific Performance...........................................................................65
9.13 Recovery of Attorney's Fees....................................................................65
9.14 Captions.......................................................................................65
9.15 No Strict Construction.........................................................................65
</TABLE>
<PAGE>
TABLE OF DEFINED TERMS
<TABLE>
<CAPTION>
<S> <C>
Acquisition Transaction........................................................................Section 9.10(a)
Adjustment Warrant....................................................................................Recitals
Agreement.........................................................................................Introduction
Alternate Transaction...........................................................................Section 8.5(b)
Acquiring Person................................................................................Section 5.2(y)
Authorized Representatives.........................................................................Section 6.7
Certificate of Merger..............................................................................Section 1.2
Certificates....................................................................................Section 4.2(b)
Closing............................................................................................Section 1.3
Closing Date.......................................................................................Section 1.3
Code..................................................................................................Recitals
Commercial Software.......................................................Section 5.1(o)(v), Section 5.2(o)(x)
Company...........................................................................................Introduction
Company Acquisition Proposal....................................................................Section 6.3(a)
Company Affiliate..................................................................................Section 6.9
Company Affiliate Letter...........................................................................Section 6.9
Company Common Stock..................................................................................Recitals
Company Contract................................................................................Section 5.2(p)
Company Disclosure Schedule........................................................................Section 5.2
Company Embedded Products....................................................................Section 5.2(o)(x)
Company Financial Statements................................................................Section 5.2(h)(ii)
Company Insurance Policies......................................................................Section 5.2(u)
Company International Employee Plans........................................................Section 5.2(n)(xi)
Company Key Employees.......................................................................Section 5.2(p)(ii)
Company Option...............................................................................Section 4.1(c)(i)
Company Option Plans............................................................................Section 5.2(b)
Company Plan Affiliate.......................................................................Section 5.2(n)(i)
Company Proprietary Rights...................................................................Section 5.2(o)(i)
Company Rights..................................................................................Section 5.2(y)
Company Rights Agreement........................................................................Section 5.2(y)
Company Scheduled Plans......................................................................Section 5.2(n)(i)
Company SEC Reports..........................................................................Section 5.2(h)(i)
Company Series E Preferred Stock......................................................................Recitals
Company Software...........................................................................Section 5.2(o)(vii)
Company Software Authors...................................................................Section 5.2(o)(vii)
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