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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; Deutsche Banc Alex. Brown Inc.; EchoStar Communications Corp.; Hughes Communications Galaxy, Inc.; Hughes Communications, Inc.; Hughes Electronics Corp.; UBS Warburg LLC; Deutsche Bank AG; Goldman, Sachs & Co.; Kirkland & Ellis; Sullivan & Cromwell; Weil, Gotshal & Manges LLP |
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Date: |
2001 |
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Size: |
Preview shows 8KB of 261KB total |
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Price: |
$84 |
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ID: |
#288266 |
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Start of Preview |
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AGREEMENT AND PLAN OF MERGER
BY AND BETWEEN
ECHOSTAR COMMUNICATIONS CORPORATION
AND
HUGHES ELECTRONICS CORPORATION
DATED AS OF OCTOBER 28, 2001
{PAGE}
TABLE OF CONTENTS
ARTICLE 1 THE MERGER..........................................................5
Section 1.1. The Merger..................................................5
Section 1.2. Merger Effective Time; Closing..............................5
Section 1.3. Effects of the Merger.......................................5
Section 1.4. Certificate of Incorporation and By-laws....................5
Section 1.5. Surviving Corporation Board and Officers....................6
Section 1.6. Management Transition Committee.............................6
Section 1.7. Additional Actions..........................................6
ARTICLE 2 CONVERSION OF SECURITIES............................................6
Section 2.1. Conversion of Capital Stock.................................6
Section 2.2. Exchange of Certificates....................................7
Section 2.3. No Fractional Share Certificates............................9
Section 2.4. Exchange Fund Matters.......................................9
Section 2.5. Treatment of EchoStar Stock Options........................10
ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF ECHOSTAR........................12
Section 3.1. Organization and Standing..................................12
Section 3.2. Subsidiaries...............................................12
Section 3.3. Corporate Power and Authority..............................13
Section 3.4. Capitalization of EchoStar.................................13
Section 3.5. Conflicts, Consents and Approvals..........................14
Section 3.6. EchoStar SEC Documents.....................................15
Section 3.7. Financial Statements; Liabilities..........................15
Section 3.8. Absence of Certain Changes.................................16
Section 3.9. Compliance with Law........................................16
Section 3.10. Litigation.................................................16
Section 3.11. Taxes......................................................17
Section 3.12. Environmental and Safety Matters...........................17
Section 3.13. Employee Benefit Plans.....................................18
Section 3.14. Intellectual Property......................................19
Section 3.15. Contracts..................................................20
Section 3.16. Brokerage and Finder's and Other Fees; Opinion
of Financial Advisor.......................................20
Section 3.17. Board and Stockholder Approval.............................20
Section 3.18. Takeover Laws..............................................21
i
{PAGE}
TABLE OF CONTENTS
(CONTINUED)
Section 3.19. Restrictive Agreements.....................................21
Section 3.20. Permits....................................................21
ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF HUGHES...........................22
Section 4.1. Organization and Standing..................................22
Section 4.2. Subsidiaries...............................................23
Section 4.3. Corporate Power and Authority..............................23
Section 4.4. Capitalization of Hughes...................................23
Section 4.5. Conflicts, Consents and Approvals..........................24
Section 4.6. Hughes SEC Documents.......................................25
Section 4.7. Financial Statements; Liabilities..........................25
Section 4.8. Absence of Certain Changes.................................26
Section 4.9. Compliance with Law........................................26
Section 4.10. Litigation.................................................26
Section 4.11. Taxes......................................................26
Section 4.12. Environmental and Safety Matters...........................27
Section 4.13. Employee Benefit Plans.....................................27
Section 4.14. Intellectual Property......................................28
Section 4.15. Contracts..................................................29
Section 4.16. Brokerage and Finder's and Other Fees;
Opinions of Financial Advisors.............................29
Section 4.17. Board and Stockholder Approval.............................30
Section 4.18. Takeover Laws..............................................30
Section 4.19. Restrictive Agreements.....................................30
Section 4.20. Permits....................................................30
Section 4.21. Indian Entities............................................31
ARTICLE 5 COVENANTS OF THE PARTIES...........................................31
Section 5.1. Mutual Covenants...........................................31
Section 5.2. Covenants of EchoStar......................................38
Section 5.3. Covenants of Hughes........................................41
ARTICLE 6 CONDITIONS.........................................................46
Section 6.1. Mutual Conditions..........................................46
Section 6.2. Conditions to Obligations of Hughes........................49
Section 6.3. Conditions to Obligations of EchoStar......................50
ARTICLE 7 TERMINATION AND AMENDMENT..........................................51
ii
{PAGE}
TABLE OF CONTENTS
(CONTINUED)
Section 7.1. Termination................................................51
Section 7.2. Effect of Termination; Fees and Expenses
upon Termination...........................................55
Section 7.3. Amendment..................................................56
Section 7.4. Extension; Waiver..........................................56
ARTICLE 8 MISCELLANEOUS......................................................56
Section 8.1. No Survival of Representations and Warranties..............56
Section 8.2. Notices....................................................56
Section 8.3. Interpretation; Absence of Presumption.....................57
Section 8.4. Knowledge..................................................58
Section 8.5. Counterparts...............................................58
Section 8.6. Entire Agreement; Severability.............................58
Section 8.7. Third Party Beneficiaries..................................58
Section 8.8. Governing Law..............................................59
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