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Agreement and Plan of Merger

 

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Title:

Agreement and Plan of Merger

Entities:

Dominion Resources, Inc.; Dominion Resources, Inc.; Lehman Brothers Inc.; Merrill Lynch & Co., Inc.; McGuireWoods

Date:

2001

Size:

Preview shows 8KB of 177KB total

Price:

$71

ID:

#421317

 

 

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                                  BY AND AMONG


DOMINION RESOURCES, INC.,

CONSOLIDATED NATURAL GAS COMPANY

AND

LOUIS DREYFUS NATURAL GAS CORP.









Dated as of September 9, 2001



================================================================================
{PAGE}

TABLE OF CONTENTS

Page


ARTICLE I
THE MERGER

Section 1.1 The Merger.....................................................1
Section 1.2 The Closing....................................................2
Section 1.3 Effective Time.................................................2
Section 1.4 Certificate of Incorporation...................................2
Section 1.5 Bylaws.........................................................2
Section 1.6 Board of Directors and Officers................................2

ARTICLE II
CONVERSION OF COMPANY SHARES

Section 2.1 Effect On Capital Stock........................................2
Section 2.2 Exchange of Certificates for Shares............................3
Section 2.3 Dissenters' Rights.............................................5
Section 2.4 Adjustments to Prevent Dilution................................6

ARTICLE III
REPRESENTATIONS AND WARRANTIES OF THE COMPANY

Section 3.1 Existence; Good Standing; Corporate Authority..................6
Section 3.2 Authorization, Validity and Effect of Agreements...............6
Section 3.3 Capitalization.................................................7
Section 3.4 Subsidiaries...................................................7
Section 3.5 No Violation...................................................8
Section 3.6 No Conflict....................................................8
Section 3.7 SEC Documents and Financial Statements.........................9
Section 3.8 Litigation.....................................................9
Section 3.9 Absence of Certain Changes.....................................10
Section 3.10 Taxes..........................................................10
Section 3.11 Employee Benefit Plans.........................................12
Section 3.12 Labor and Employment Matters...................................13
Section 3.13 Environmental Matters..........................................14
Section 3.14 Compliance with Laws...........................................15
Section 3.15 Intellectual Property..........................................16
Section 3.16 Oil and Gas Reserves...........................................16
Section 3.17 Financial and Commodity Hedging................................16
Section 3.18 Indebtedness and Certain Contracts.............................16
Section 3.19 Title to Properties............................................17
Section 3.20 Insurance......................................................18
Section 3.21 No Brokers.....................................................18
Section 3.22 Opinion of Financial Advisors..................................18
Section 3.23 Board Recommendation; Vote Required............................18

-i-
{PAGE}

Section 3.24 Holding Company; Investment Company; Utility...................19
Section 3.25 Certain Approvals..............................................19

ARTICLE IV
REPRESENTATIONS AND WARRANTIES OF PARENT AND SUB

Section 4.1 Existence; Good Standing; Corporate Authority..................19
Section 4.2 Authorization, Validity and Effect of Agreements...............20
Section 4.3 Capitalization.................................................20
Section 4.4 No Violation...................................................20
Section 4.5 No Conflict....................................................21
Section 4.6 SEC Documents..................................................21
Section 4.7 Financing......................................................22
Section 4.8 No Brokers.....................................................22
Section 4.9 No Vote Required...............................................22
Section 4.10 Absence of Changes.............................................22

ARTICLE V
CONDUCT OF BUSINESS PENDING THE MERGER

Section 5.1 Conduct of Business by the Company Pending the Merger..........22
Section 5.2 Conduct of Business of Parent..................................25

ARTICLE VI
ADDITIONAL AGREEMENTS

Section 6.1 No Solicitation by the Company.................................26
Section 6.2 Shareholders' Meeting..........................................28
Section 6.3 Filings; Reasonable Best Efforts...............................28
Section 6.4 Access to Information..........................................30
Section 6.5 Notification of Certain Matters................................30
Section 6.6 Registration Statement; Proxy Statement........................31
Section 6.7 Listing Application............................................31
Section 6.8 Agreements of Affiliates.......................................32
Section 6.9 Indemnification and Insurance..................................32
Section 6.10 Employee Benefits..............................................33
Section 6.11 Reorganization.................................................36
Section 6.12 Public Statements..............................................36
Section 6.13 Fees and Expenses..............................................36
Section 6.14 Company Name and Trademarks....................................36

ARTICLE VII
CONDITIONS

Section 7.1 Conditions to Each Party's Obligation to Effect the Merger....37
Section 7.2 Conditions to Obligation of the Company to Effect the Merger...37
Section 7.3 Conditions to Obligation of Parent to Effect the Merger........38

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{PAGE}

ARTICLE VIII
TERMINATION

Section 8.1 Termination by Mutual Consent..................................39
Section 8.2 Termination by Parent or the Company...........................39
Section 8.3 Termination by the Company.....................................39
Section 8.4 Termination by Parent..........................................40
Section 8.5 Effect of Termination..........................................40
Section 8.6 Extension; Waiver..............................................41

ARTICLE IX
GENERAL PROVISIONS

Section 9.1 Nonsurvival of Representations, Warranties and Agreements......42
Section 9.2 Notices........................................................42
Section 9.3 Assignment; Binding Effect; Benefit............................43
Section 9.4 Entire Agreement...............................................43
Section 9.5 Amendments.....................................................43

 

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