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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: |
Citibank, NA; MDI Entertainment Inc; Smith, Gambrell & Russell |
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Date: |
2002 |
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Size: |
Preview shows 28KB of 225KB total |
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Price: |
$63 |
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ID: |
#1536536 |
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Start of Preview |
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AGREEMENT AND PLAN OF MERGER
by and among
SCIENTIFIC GAMES INTERNATIONAL, INC.,
BLUE SUEDE ACQUISITION CORP.
and
MDI ENTERTAINMENT, INC.
dated as of
NOVEMBER 19, 2002
TABLE OF CONTENTS
| AGREEMENT AND PLAN OF MERGER | 1 | ||||
ARTICLE I THE OFFER AND MERGER |
1 | ||||
| Section 1.1 | The Offer. | 1 | |||
| Section 1.2 | Company Actions. | 3 | |||
| Section 1.3 | Directors. | 4 | |||
| Section 1.4 | The Merger. | 5 | |||
| Section 1.5 | Effective Time. | 6 | |||
| Section 1.6 | Closing. | 6 | |||
| Section 1.7 | Directors and Officers of the Surviving Corporation. | 6 | |||
| Section 1.8 | Subsequent Actions. | 6 | |||
| Section 1.9 | Stockholders' Meeting. | 7 | |||
| Section 1.10 | Merger Without Meeting of Stockholders. | 7 | |||
| Section 1.11 | Other Agreements. | 8 | |||
ARTICLE II CONVERSION OF SECURITIES |
8 | ||||
| Section 2.1 | Conversion of Capital Stock. | 8 | |||
| Section 2.2 | Dissenting Shares. | 8 | |||
| Section 2.3 | Exchange of Certificates. | 9 | |||
| Section 2.4 | Company Derivative Securities. | 10 | |||
ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY |
11 | ||||
| Section 3.1 | Organization; Qualification; Charter Documents. | 11 | |||
| Section 3.2 | Subsidiaries and Affiliates. | 12 | |||
| Section 3.3 | Capitalization. | 12 | |||
| Section 3.4 | Authorization; Validity of Agreement; Company Action. | 13 | |||
| Section 3.5 | Board Approvals; Takeover Statutes. | 13 | |||
| Section 3.6 | Vote Required. | 14 | |||
| Section 3.7 | Consents and Approvals; No Violations. | 14 | |||
| Section 3.8 | SEC Reports and Financial Statements. | 14 | |||
| Section 3.9 | Books and Records. | 15 | |||
| Section 3.10 | No Undisclosed Liabilities. | 15 | |||
| Section 3.11 | Accounts Receivable. | 15 | |||
| Section 3.12 | Inventory. | 15 | |||
| Section 3.13 | Absence of Certain Changes. | 15 | |||
| Section 3.14 | Litigation. | 16 | |||
| Section 3.15 | Employee Benefit Plans. | 17 | |||
| Section 3.16 | Tax Matters; Government Benefits. | 18 | |||
| Section 3.17 | Title to Properties; Encumbrances. | 19 | |||
| Section 3.18 | Environmental Laws. | 20 | |||
| Section 3.19 | Intellectual Property. | 20 | |||
| Section 3.20 | Compliance with Laws. | 20 | |||
| Section 3.21 | Employment Matters and Labor Difficulties. | 20 | |||
| Section 3.22 | Information in the Proxy Statement. | 21 | |||
| Section 3.23 | Information in the Offer Documents and Schedule 14D-9. | 21 | |||
| Section 3.24 | Opinion of Financial Advisor. | 21 | |||
| Section 3.25 | Brokers or Finders. | 21 | |||
| Section 3.26 | Company Agreements. | 22 | |||
| Section 3.27 | Interested Party Transactions. | 22 | |||
| Section 3.28 | Contracts. | 22 | |||
i
| Section 3.29 | Licenses. | 23 | |||
| Section 3.30 | Insurance. | 24 | |||
| Section 3.31 | Absence of Questionable Payments. | 24 | |||
| Section 3.32 | Full Disclosure. | 24 | |||
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PARENT AND ACQUISITION SUB |
25 | ||||
| Section 4.1 | Organization; Qualification; Charter Documents. | 25 | |||
| Section 4.2 | Authorization; Validity of Agreement; Necessary Action. | 25 | |||
| Section 4.3 | Board Approvals; Takeover Statutes. | 25 | |||
| Section 4.4 | Consents and Approvals; No Violations. | 26 | |||
| Section 4.5 | Information in the Proxy Statement. | 26 | |||
| Section 4.6 | Information in the Offer Documents. | 26 | |||
| Section 4.7 | Financing. | 26 | |||
| Section 4.8 | Litigation. | 27 | |||
| Section 4.9 | Acquisition Sub's Operations. | 27 | |||
ARTICLE V COVENANTS |
27 | ||||
| Section 5.1 | Conduct of the Business of Company. | 27 | |||
| Section 5.2 | Compliance with Rule 14e-5. | 30 | |||
| Section 5.3 | Proxy Statement. | 30 | |||
| Section 5.4 | Meeting of Stockholders of the Company. | 30 | |||
| Section 5.5 | Access. | 30 | |||
| Section 5.6 | Confidentiality. | 31 | |||
| Section 5.7 | Reasonable Best Efforts. | 31 | |||
| Section 5.8 | Employee Benefits. | 32 | |||
| Section 5.9 | No Solicitation by the Company. | 33 | |||
| Section 5.10 | Publicity. | 34 | |||
| Section 5.11 | Notification of Certain Matters. | 35 | |||
| Section 5.12 | State Takeover Laws. | ||||
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