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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: |
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Date: |
2007 |
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Size: |
Preview shows 48KB of 234KB total |
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Price: |
$52 |
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ID: |
#2895855 |
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Start of Preview |
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AGREEMENT AND PLAN OF MERGER
BY AND AMONG
AX HOLDING CORP.
(Parent),
AX ACQUISITION CORP.
a wholly-owned direct subsidiary of Parent
(Merger Sub),
and
AEROFLEX INCORPORATED
(the Company)
Dated as of May 25, 2007
TABLE OF CONTENTS
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Page |
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ARTICLE I The Merger |
1 |
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Section 1.01 The Merger |
1 |
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Section 1.02 Closing |
2 |
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Section 1.03 Effective Time |
2 |
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Section 1.04 Effect of the Merger |
2 |
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Section 1.05 Certificate of Incorporation; Bylaws |
2 |
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Section 1.06 Directors and Officers |
2 |
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ARTICLE II Conversion of Securities; Exchange of Certificates |
3 |
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Section 2.01 Conversion of Securities |
3 |
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Section 2.02 Surrender of Certificates |
4 |
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Section 2.03 Options |
6 |
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Section 2.04 Dissenting Shares |
7 |
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Section 2.05 Timing of Equity Rollover |
7 |
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ARTICLE III Representations and Warranties of the Company |
7 |
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Section 3.01 Organization and Qualification |
8 |
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Section 3.02 Certificate of Incorporation and Bylaws |
9 |
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Section 3.03 Capitalization |
9 |
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Section 3.04 Authority Relative to This Agreement |
11 |
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Section 3.05 No Conflict; Required Filings and Consents |
11 |
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Section 3.06 Permits; Compliance with Laws |
12 |
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Section 3.07 SEC Filings; Financial Statements; Undisclosed Liabilities |
14 |
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Section 3.08 Affiliate Transactions |
15 |
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Section 3.09 Absence of Certain Changes or Events |
16 |
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Section 3.10 Absence of Litigation |
16 |
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Section 3.11 Employee Benefit Plans |
16 |
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Section 3.12 Labor and Employment Matters |
19 |
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Section 3.13 Real Property |
20 |
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Section 3.14 Intellectual Property |
21 |
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Section 3.15 Taxes |
24 |
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Section 3.16 Environmental Matters |
25 |
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Section 3.17 Specified Contracts |
26 |
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Section 3.18 Insurance |
30 |
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Section 3.19 Board Approval; Vote Required |
30 |
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Section 3.20 Company Stock Options |
31 |
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Section 3.21 Rights Agreement |
31 |
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Section 3.22 Relationships |
31 |
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Section 3.23 Opinion of Financial Advisors |
31 |
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Section 3.24 Brokers |
32 |
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Section 3.25 No Other Information |
32 |
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ARTICLE IV Representations and Warranties of Parent and Merger Sub |
32 |
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Section 4.01 Corporate Organization |
32 |
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Section 4.02 Certificate of Incorporation and Bylaws |
32 |
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Section 4.03 Authority Relative to this Agreement |
32 |
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Section 4.04 No Conflict; Required Filings and Consents |
33 |
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Section 4.05 Absence of Litigation |
34 |
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Section 4.06 Operations of Merger Sub and Parent; Ownership of Company Common Stock |
34 |
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Section 4.07 Financing |
34 |
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Section 4.08 Guarantees |
35 |
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Section 4.09 Brokers |
35 |
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Section 4.10 No Other Information |
35 |
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ARTICLE V Conduct of Business Pending the Merger |
36 |
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Section 5.01 Conduct of Business by the Company Pending the Merger |
36 |
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ARTICLE VI Covenants of the Parties |
39 |
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Section 6.01 Proxy Statement; Other Filings |
39 |
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Section 6.02 Company Stockholders Meeting |
41 |
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Section 6.03 Access to Information; Confidentiality |
41 |
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Section 6.04 Acquisition Proposals |
42 |
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Section 6.05 Directors and Officers Indemnification and Insurance |
46 |
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Section 6.06 Employee Benefits Matters |
48 |
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Section 6.07 HSR Act Filing |
49 |
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Section 6.08 Notification of Certain Matters |
50 |
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Section 6.09 Financing |
51 |
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Section 6.10 Further Action; Reasonable Best Efforts |
53 |
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Section 6.11 Public Announcements |
54 |
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Section 6.12 Resignations |
54 |
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Section 6.13 Actions Regarding Anti-Takeover Statutes |
54 |
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Section 6.14 Standstill Provisions |
55 |
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Section 6.15 Rights Plan |
55 |
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Section 6.16 Solvency Opinion |
55 |
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Section 6.17 Obligations of Merger Sub |
55 |
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ARTICLE VII Conditions to the Merger |
55 |
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Section 7.01 Conditions to the Obligations of Each Party |
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End of Preview |
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