Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

 

Document Preview

Agreement and Plan of Reorganization

 

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by
title, category, or company... or click here for help finding documents.

 

Title:

Agreement and Plan of Reorganization

Entities:

Prudential World Fund Inc; Piper Rudnick; Sullivan & Cromwell

Date:

2004

Size:

Preview shows 5KB of 55KB total

Price:

$38

ID:

#2422855

 

 

► Plans ► Agreements ► Agreements & Plans of Reorganization
► Services ► Legal

 

 

Start of Preview


Prudential World Fund, Inc.

For the period ended April 30, 2004
File number 811-3981


SUB-ITEM 77M

AGREEMENT AND PLAN OF REORGANIZATION
Agreement and Plan of Reorganization (Agreement) made as of the 20th day
of November, 2003 by and between Prudential Europe Growth Fund, Inc.
(Acquired Fund) and Jennison Global Growth Fund (Global Growth Fund), a
series of Prudential World Fund, Inc. (the Company) (Acquired Fund and
Global Growth Fund, collectively, the Funds and each individually, a
Fund). Acquired Fund is a corporation organized under the laws of the
State of Maryland. The Company is a corporation organized under the laws
of the State of Maryland. Acquired Fund and the Company each maintains its
principal place of business at Gateway Center Three, 100 Mulberry Street,
Newark, New Jersey 07102-4077. Shares of each Fund are divided into four
classes, designated Class A, Class B, Class C and Class Z.
This Agreement is intended to be, and is adopted as, a plan of
reorganization pursuant to Section 368 of the Internal Revenue Code of
1986, as amended (Internal Revenue Code). Upon receipt of such
representations from each of the Funds as Sullivan & Cromwell LLP may
require, Sullivan & Cromwell LLP will deliver the opinion referenced in
paragraph 8.6 herein. The reorganization will comprise the transfer of all
of the assets of Acquired Fund, in exchange solely for shares of common
stock of Global Growth Fund, and Global Growth Fund?s assumption of
Acquired Fund?s liabilities, if any, and the constructive distribution,
after the Closing Date hereinafter referred to, of such shares of Global
Growth Fund to the shareholders of Acquired Fund, in termination of
Acquired Fund as provided herein, all upon the terms and conditions as
hereinafter set forth.
In consideration of the premises and of the covenants and agreements set
forth herein, the parties covenant and agree as follows:
1. Transfer of Assets of Acquired Fund in Exchange for Shares of Global
Growth Fund and Assumption of Liabilities, if any, and Termination of
Acquired Fund.
1.1 Subject to the terms and conditions herein set forth and on the basis
of the representations and warranties contained herein, Acquired Fund
agrees to sell, assign, transfer and deliver its assets, as set forth in
paragraph 1.2, to Global Growth Fund, and Global Growth Fund agrees (a)
to issue and deliver to Acquired Fund in exchange therefor the number of
shares in Global Growth Fund determined by dividing the net asset value of
Acquired Fund allocable to Class A, Class B, Class C and Class Z shares of
Acquired Fund?s common stock (computed in the manner and as of the time
and date set forth in paragraph 2.1) by the net asset value allocable to a
Class A, Class B, Class C and Class Z share, respectively, of Global
Growth Fund (rounded to the third decimal place) (computed in the manner
and as of the time and date set forth in paragraph 2.2); and (b) to assume
all of Acquired Fund?s liabilities, if any, as set forth in paragraph 1.3.
Such transactions shall take place at the closing provided for in
paragraph 3 (Closing).
1.2 The assets of Acquired Fund to be acquired by Global Growth Fund shall
include without limitation all cash, cash equivalents, securities,
receivables (including interest and dividends receivable) and other
property of any kind owned by Acquired Fund and any deferred or prepaid
expenses shown as assets on the books of Acquired Fund on the closing date
provided in paragraph 3 (Closing Date). Global Growth Fund has no plan or
intent to sell or otherwise dispose of any assets of Acquired Fund, other
than in the ordinary course of business.
1.3 Except as otherwise provided herein, Global Growth Fund will assume
from Acquired Fund all debts, liabilities, obligations and duties of
Acquired Fund of whatever kind or nature, whether absolute, accrued,
contingent or otherwise, whether or not determinable as of the Closing
Date and whether or not specifically referred to in this Agreement;
provided, however, that Acquired Fund agrees to utilize its best efforts
to discharge all of its known debts, liabilities, obligations and duties
prior to the Closing Date.


1.4 On or immediately prior to the Closing Date, Acquired Fund will
declare and pay to its shareholders of record dividends and/or other
distributions so that it will have distributed substantially all (and in
any event not less than ninety-eight percent) of its investment company
taxable income (computed without regard to any deduction for dividends
paid), and realized net capital gains, if any, for all taxable years
through the Closing Date so as to retain its qualification as a regulated
investment company pursuant to Section 851 of the Internal Revenue Code.
1.5 On the Closing Date or as soon thereafter as is conveniently
practicable, Acquired Fund will distribute pro rata to its Class A,
Class B, Class C and Class Z shareholders of record, determined as of the

 

End of Preview

 

Home        Intelligence        Services        Subscriptions        News        About Us

Contact Us       Terms of Use       Resend Documents       Shopping Cart

Copyright © 2008 The Consus Group LLC