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Agreement and Plan of Merger

 

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Title:

Agreement and Plan of Merger

Entities:

Aeroflex Inc.

Date:

2007

Size:

Preview shows 48KB of 234KB total

Price:

$52

ID:

#2895855

 

 

► Plans ► Agreements ► Agreements & Plans of Merger
► Technology ► Semiconductors

 

 

Start of Preview


 

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

 

Page

 

 

ARTICLE I The Merger

1

Section 1.01    The Merger

1

Section 1.02    Closing

2

Section 1.03    Effective Time

2

Section 1.04    Effect of the Merger

2

Section 1.05    Certificate of Incorporation; Bylaws

2

Section 1.06    Directors and Officers

2

 

 

ARTICLE II Conversion of Securities; Exchange of Certificates

3

Section 2.01    Conversion of Securities

3

Section 2.02    Surrender of Certificates

4

Section 2.03    Options

6

Section 2.04    Dissenting Shares

7

Section 2.05    Timing of Equity Rollover

7

 

 

ARTICLE III Representations and Warranties of the Company

7

Section 3.01    Organization and Qualification

8

Section 3.02    Certificate of Incorporation and Bylaws

9

Section 3.03    Capitalization

9

Section 3.04    Authority Relative to This Agreement

11

Section 3.05    No Conflict; Required Filings and Consents

11

Section 3.06    Permits; Compliance with Laws

12

Section 3.07    SEC Filings; Financial Statements; Undisclosed Liabilities

14

Section 3.08    Affiliate Transactions

15

Section 3.09    Absence of Certain Changes or Events

16

Section 3.10    Absence of Litigation

16

Section 3.11    Employee Benefit Plans

16

Section 3.12    Labor and Employment Matters

19

Section 3.13    Real Property

20

Section 3.14    Intellectual Property

21

Section 3.15    Taxes

24

Section 3.16    Environmental Matters

25

Section 3.17    Specified Contracts

26

Section 3.18    Insurance

30

Section 3.19    Board Approval; Vote Required

30

Section 3.20    Company Stock Options

31

Section 3.21    Rights Agreement

31

Section 3.22    Relationships

31

Section 3.23    Opinion of Financial Advisors

31

Section 3.24    Brokers

32

Section 3.25    No Other Information

32

 

 

 

 

i

 


 

 


 

ARTICLE IV Representations and Warranties of Parent and Merger Sub

32

Section 4.01    Corporate Organization

32

Section 4.02    Certificate of Incorporation and Bylaws

32

Section 4.03    Authority Relative to this Agreement

32

Section 4.04    No Conflict; Required Filings and Consents

33

Section 4.05    Absence of Litigation

34

Section 4.06    Operations of Merger Sub and Parent; Ownership of Company Common Stock

34

Section 4.07    Financing

34

Section 4.08    Guarantees

35

Section 4.09    Brokers

35

Section 4.10    No Other Information

35

 

 

ARTICLE V Conduct of Business Pending the Merger

36

Section 5.01    Conduct of Business by the Company Pending the Merger

36

 

 

ARTICLE VI Covenants of the Parties

39

Section 6.01    Proxy Statement; Other Filings

39

Section 6.02    Company Stockholders Meeting

41

Section 6.03    Access to Information; Confidentiality

41

Section 6.04    Acquisition Proposals

42

Section 6.05    Directors and Officers Indemnification and Insurance

46

Section 6.06    Employee Benefits Matters

48

Section 6.07    HSR Act Filing

49

Section 6.08    Notification of Certain Matters

50

Section 6.09    Financing

51

Section 6.10    Further Action; Reasonable Best Efforts

53

Section 6.11    Public Announcements

54

Section 6.12    Resignations

54

Section 6.13    Actions Regarding Anti-Takeover Statutes

54

Section 6.14    Standstill Provisions

55

Section 6.15    Rights Plan

55

Section 6.16    Solvency Opinion

55

Section 6.17    Obligations of Merger Sub

55

 

 

ARTICLE VII Conditions to the Merger

55

Section 7.01    Conditions to the Obligations of Each Party

End of Preview

 

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