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Stock Tender Agreement

 

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Title:

Stock Tender Agreement

Entities:

Nuon Energy & Water Investments Inc ; Fried, Frank, Harris, Shriver & Jacobson; Haynes and Boone

Date:

2003

Size:

Preview shows 8KB of 22KB total

Price:

$38

ID:

#2136160

 

 

► M&A ► Tender ► Stock Tender Agreements
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STOCK TENDER AGREEMENT

        THIS STOCK TENDER AGREEMENT (this "Agreement"), is entered into as of December 9, 2003 by and among EXCO Resources, Inc., a Texas corporation ("Parent"), and NCE Acquisition, Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("Purchaser"), on the one hand, and NUON Energy & Water Investments, Inc. ("Stockholder"), an approximately 85.6% stockholder of North Coast Energy, Inc., a Delaware corporation (the "Company"), on the other hand. Capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Merger Agreement (as defined below).

R E C I T A L S

        WHEREAS, Stockholder is, as of the date hereof, the record and beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Act")) of the number of shares of common stock, par value $0.01 per share, of the Company (the "Common Stock") set forth opposite the name of such Stockholder on Schedule 1 hereto; and

        WHEREAS, Parent, Purchaser and the Company have entered into an Agreement and Plan of Merger, dated November 26, 2003, as amended and restated on December 4, 2003 (the "Merger Agreement"), which provides, among other things, for (a) Purchaser to commence a tender offer for all of the issued and outstanding shares of Common Stock (the "Offer") and (b) the merger of Purchaser with and into the Company with the Company continuing as the surviving corporation (the "Merger"), in each case upon the terms and subject to the conditions set forth in the Merger Agreement; and

        WHEREAS, as a condition to the willingness of Parent and Purchaser to enter into the Merger Agreement and as an inducement and in consideration therefor, the Stockholder has agreed to enter into this Agreement.

        NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements set forth herein and in the Merger Agreement, and intending to be legally bound hereby, the parties hereto agree as follows:

        Section 1.    Representations and Warranties of Stockholder. Stockholder hereby represents and warrants to Parent and Purchaser as follows:

1