|
|
|
|
Document Preview Agreement and Plan of Merger |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Agreement and Plan of Merger |
|||
|
Entities: |
Citibank, NA; Johnson & Johnson; Nasdaq Stock Market Inc.; Cravath, Swaine & Moore LLP; Latham & Watkins |
|||
|
Date: |
2003 |
|||
|
Size: |
Preview shows 9KB of 223KB total |
|||
|
Price: |
$57 |
|||
|
ID: |
#370203 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
AGREEMENT AND PLAN OF MERGER
Dated as of February 10, 2003
Among
JOHNSON & JOHNSON,
SATURN MERGER SUB, INC.
And
SCIOS INC.
=============================================================================
{PAGE}
TABLE OF CONTENTS
Page
ARTICLE I
THE MERGER
SECTION 1.01. The Merger.............................................1
SECTION 1.02. Closing................................................2
SECTION 1.03. Effective Time.........................................2
SECTION 1.04. Effects of the Merger..................................2
SECTION 1.05. Certificate of Incorporation and
By-laws..............................................2
SECTION 1.06. Directors..............................................3
SECTION 1.07. Officers...............................................3
ARTICLE II
EFFECT OF THE MERGER ON THE CAPITAL STOCK OF THE
CONSTITUENT CORPORATIONS; EXCHANGE OF CERTIFICATES
SECTION 2.01. Effect on Capital Stock................................3
SECTION 2.02. Exchange of Certificates...............................5
ARTICLE III
REPRESENTATIONS AND WARRANTIES
SECTION 3.01. Representations and Warranties of the Company..........8
SECTION 3.02. Representations and Warranties of
Parent and Sub......................................45
ARTICLE IV
COVENANTS RELATING TO CONDUCT OF BUSINESS
SECTION 4.01. Conduct of Business...................................48
SECTION 4.02. No Solicitation.......................................56
ARTICLE V
ADDITIONAL AGREEMENTS
SECTION 5.01. Preparation of the Proxy Statement;
Stockholders' Meeting...............................60
SECTION 5.02. Access to Information; Confidentiality................61
{PAGE}
SECTION 5.03. Commercially Reasonable Efforts.......................62
SECTION 5.04. Company Stock Options; ESPP...........................63
SECTION 5.05. Indemnification, Advancement of
Expenses, Exculpation and Insurance.................66
SECTION 5.06. Fees and Expenses.....................................67
SECTION 5.07. Public Announcements..................................68
SECTION 5.08. Stockholder Litigation................................69
SECTION 5.09. Employee Matters......................................69
SECTION 5.10. Company Notes and Company Preferred Stock.............70
SECTION 5.11. Consents and Other Action.............................70
ARTICLE VI
CONDITIONS PRECEDENT
SECTION 6.01. Conditions to Each Party's Obligation to
Effect the Merger...................................71
SECTION 6.02. Conditions to Obligations of Parent and Sub...........71
SECTION 6.03. Conditions to Obligation of the Company...............73
SECTION 6.04. Frustration of Closing Conditions.....................73
ARTICLE VII
TERMINATION, AMENDMENT AND WAIVER
SECTION 7.01. Termination...........................................73
SECTION 7.02. Effect of Termination.................................75
SECTION 7.03. Amendment.............................................75
SECTION 7.04. Extension; Waiver.....................................75
SECTION 7.05. Procedure for Termination or Amendment................76
ARTICLE VIII
GENERAL PROVISIONS
SECTION 8.01. Nonsurvival of Representations and Warranties.........76
SECTION 8.02. Notices...............................................76
SECTION 8.03. Definitions...........................................77
SECTION 8.04. Interpretation........................................79
SECTION 8.05. Consents and Approvals................................79
SECTION 8.06. Counterparts..........................................79
SECTION 8.07. Entire Agreement; No Third-Party Beneficiaries........80
{PAGE}
SECTION 8.08. GOVERNING LAW.........................................80
SECTION 8.09. Assignment............................................80
SECTION 8.10. Specific Enforcement; Consent to Jurisdiction.........80
SECTION 8.11. Severability..........................................81
SECTION 8.12. Performance by Sub....................................81
Annex I Index of Defined Terms
Exhibit A Restated Certificate of Incorporation of the
Surviving Corporation
{PAGE}
82 AGREEMENT AND PLAN OF MERGER (this "Agreement")
dated as of February 10, 2003, among JOHNSON & JOHNSON, a
New Jersey corporation ("Parent"), SATURN MERGER SUB,
INC., a Delaware corporation and a wholly owned Subsidiary
of Parent ("Sub"), and SCIOS INC., a Delaware corporation
(the "Company").
WHEREAS the Board of Directors of each of the Company and Sub has
approved and declared advisable, and the Board of Directors of Parent has
approved, this Agreement and the merger of Sub with and into the Company (the
"Merger"), upon the terms and subject to the conditions set forth in this
Agreement, whereby (a) each issued and outstanding share of common stock, par
value $.001 per share, of the Company ("Company Common Stock"), other than the
Appraisal Shares and shares of Company Common Stock directly owned by Parent,
Sub or the Company, will be converted into the right to receive $45.00 in cash
and (b) each issued and outstanding share of Series B preferred stock, par
value $.001 per share, of the Company ("Company Preferred Stock"), other than
the Appraisal Shares and shares of Company Preferred Stock directly owned by
Parent, Sub or the Company, will be converted into the right to receive
$4,500.00 in cash; and
WHEREAS Parent, Sub and the Company desire to make certain
representations, warranties, covenants and agreements in connection with the
Merger and also to prescribe various conditions to the Merger.
NOW, THEREFORE, in consideration of the representations, warranties,
covenants and agreements contained in this Agreement, and subject to the
conditions set forth herein, the parties hereto agree as follows:
ARTICLE I
The Merger
SECTION 1.01. THE MERGER. Upon the terms and subject to the
conditions set forth in this Agreement, and in accordance with the General
Corporation Law of the State
{PAGE}
of Delaware (the "DGCL"), Sub shall be merged with and into the Company at the
Effective Time. Following the Effective Time, the separate corporate existence
of Sub shall cease and the Company shall continue as the surviving corporation
in the Merger (the "Surviving Corporation") and shall succeed to and assume
all the rights and obligations of Sub in accordance with the DGCL.
SECTION 1.02. CLOSING. The closing of the Merger (the "Closing")
|
End of Preview |
Home Intelligence Services Subscriptions News About Us