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Agreement and Plan of Merger

 

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Title:

Agreement and Plan of Merger

Entities:

Pfizer, Inc.; Paper, Allied-Industrial, Chemical & Energy Workers International Union; Cadwalader, Wickersham & Taft; Skadden, Arps, Slate, Meagher & Flom LLP; Wachtell, Lipton, Rosen & Katz

Date:

2000

Size:

Preview shows 9KB of 247KB total

Price:

$63

ID:

#365548

 

 

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AGREEMENT AND PLAN OF MERGER

 

Dated as of February 6, 2000

 

among

 

PFIZER INC.,
SEMINOLE ACQUISITION SUB CORP
.

and

WARNER-LAMBERT COMPANY

 


 

 

 

TABLE OF CONTENTS

Page

ARTICLE I
THE MERGER; CERTAIN RELATED MATTERS

1.1    The Merger
1.2    Closing
1.3    Effective Time
1.4    Effects of the Merger
1.5    Certificate of Incorporation
1.6    Bylaws
1.7    Officers and Directors of Surviving Corporation and Pfizer
1.8    Effect on Capital Stock
1.9    Warner-Lambert Stock Options and Other Equity-Based Awards
1.10  Certain Adjustments
1.11  Associated Rights

 

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ARTICLE II
EXCHANGE OF CERTIFICATES

2.1    Exchange Fund
2.2    Exchange Procedures
2.3    Distributions with Respect to Unexchanged Shares
2.4    No Further Ownership Rights in Warner-Lambert Common Stock 2.5    No Fractional Shares of Pfizer Common Stock
2.6    Termination of Exchange Fund
2.7    No Liability
2.8    Investment of the Exchange Fund
2.9    Lost Certificates
2.10  Withholding Rights
2.11  Further Assurances
2.12  Stock Transfer Books
2.13  Affiliates

 

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ARTICLE III
REPRESENTATIONS AND WARRANTIES

3.1   Representations and Warranties of Pfizer
3.2   Representations and Warranties of Warner-Lambert
3.3   Representations and Warranties of Pfizer and Merger Sub

 

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ARTICLE IV
COVENANTS RELATING TO CONDUCT OF BUSINESS

4.1  Covenants of Pfizer
4.2   Covenants of Warner-Lambert
4.3   Governmental Filings
4.4   Control of Other Party's Business

 

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ARTICLE V
ADDITIONAL AGREEMENTS

5.1    Preparation of Proxy Statement; Stockholders Meetings
5.2    Pfizer Board of Directors; Executive Officers; Headquarters;
        Warner-Lambert Name
5.3    Access to Information/Employees
5.4    Reasonable Best Efforts
5.5    Acquisition Proposals
5.6    Employee Benefits Matters
5.7    Fees and Expenses
5.8    Directors' and Officers' Indemnification and Insurance
5.9    Public Announcements
5.10  Accountant's Letters
5.11  Listing of Shares of Pfizer Common Stock
5.12  Dividends
5.13  Affiliates
5.14  Section 16 Matters
5.15  Lipitor Arrangements

 

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ARTICLE VI
CONDITIONS PRECEDENT

6.1   Conditions to Each Party's Obligation to Effect the Merger
6.2   Additional Conditions to Obligations of Pfizer and Merger Sub
6.3   Additional Conditions to Obligations of Warner-Lambert

 

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ARTICLE VII
TERMINATION AND AMENDMENT

7.1    Termination
7.2    Effect of Termination
7.3    Amendment
7.4    Extension; Waiver
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ARTICLE VIII
GENERAL PROVISIONS

8.1    Non-Survival of Representations, Warranties and Agreements
8.2    Notices
8.3    Interpretation
8.4    Counterparts
8.5    Entire Agreement; No Third Party Beneficiaries
8.6    Governing Law
8.7    Severability
8.8    Assignment
8.9    Submission to Jurisdiction; Waivers
8.10  Enforcement
8.11  Definitions
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LIST OF EXHIBITS

Exhibit          Title
1.5(b)                    Certificate of Incorporation Amendment
1.6(b)                    Bylaw Amendment
5.13                      Form of Affiliate Letter
5.15(a)                  Third Amendment to the Collaboration Agreement

 

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