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Agreement and Plan of Restructuring and Merger

 

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Title:

Agreement and Plan of Restructuring and Merger

Entities:

Aetna Inc.; Citibank, NA; ING Groep NV; Goldman, Sachs & Co.; Merrill Lynch & Co., Inc.; Davis Polk & Wardwell; Sullivan & Cromwell

Date:

2000

Size:

Preview shows 7KB of 387KB total

Price:

$66

ID:

#330907

 

 

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                 AGREEMENT AND PLAN OF RESTRUCTURING AND MERGER



Among


ING AMERICA INSURANCE HOLDINGS, INC.,


ANB ACQUISITION CORP.,


AETNA INC.


and, for limited purposes only, ING GROEP N.V.


Dated as of July 19, 2000
{PAGE} 2
TABLE OF CONTENTS

{TABLE}
{CAPTION}
PAGE
{S} {C}
ARTICLE I

The Transaction; Closing; Effective Time

1.1 The Spin-Off.................................................................................... 2
1.2 The Merger...................................................................................... 2
1.3 Closing......................................................................................... 2
1.4 Effective Time.................................................................................. 3

ARTICLE II

Certificate of Incorporation and By-Laws
of the Surviving Corporation

2.1 The Certificate of Incorporation................................................................ 3
2.2 The By-Laws..................................................................................... 3

ARTICLE III

Officers and Directors
of the Surviving Corporation

3.1 Directors....................................................................................... 3
3.2 Officers........................................................................................ 3

ARTICLE IV

Effect of the Merger on Capital Stock;
Exchange of Certificates

4.1 Effect on Capital Stock......................................................................... 4
4.2 Exchange of Cash for Shares..................................................................... 6
4.3 Dissenters' Rights.............................................................................. 8

ARTICLE V

Representations and Warranties

5.1 Representations and Warranties of the Company................................................... 9
(a) Organization, Good Standing and Qualification.......................................... 9
(b) Capital Structure...................................................................... 12
(c) Corporate Authority; Approval and Fairness............................................. 13
(d) Governmental Filings; No Violations.................................................... 14
{/TABLE}

-i-
{PAGE} 3
{TABLE}
{S} {C}
(e) Statutory Reports; Company Reports; Financial Statements............................... 15
(f) Absence of Certain Changes............................................................. 18
(g) Litigation and Liabilities............................................................. 20
(h) Employee Benefits...................................................................... 21
(i) Compliance with Laws; Permits.......................................................... 24
(j) Takeover Statutes...................................................................... 26
(k) Environmental Matters.................................................................. 26
(l) Taxes.................................................................................. 27
(m) Labor Matters.......................................................................... 29
(n) Insurance.............................................................................. 30
(o) Intellectual Property.................................................................. 30
(p) Rights Plan............................................................................ 31
(q) Brokers and Finders.................................................................... 31
(r) Insurance Business..................................................................... 31
(s) Liabilities and Reserves............................................................... 33
(t) Separate Accounts...................................................................... 33
(u) Material Contracts..................................................................... 34
(v) Investment Contracts, Fund Clients and Advisory Clients................................ 35
(w) Company Broker/Dealers................................................................. 37
(x) Bank Regulatory Matters................................................................ 38

 

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