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Agreement and Plan of Merger

 

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Title:

Agreement and Plan of Merger

Entities:

Date:

2005

Size:

263KB total

Price:

$70

ID:

#909823

 

 

► Plans ► Agreements ► Agreements & Plans of Merger

 

 

Start of Preview


 

EXECUTION COPY

 

 

 

AGREEMENT AND PLAN OF MERGER

 

Dated as of March 16, 2005

 

among

 

SEACOR HOLDINGS INC.,

 

SBLK ACQUISITION CORP.,

 

CORBULK LLC

 

and

 

SEABULK INTERNATIONAL, INC.

 

 



 

TABLE OF CONTENTS

 

ARTICLE I

The Mergers

 

 

 

Section 1.1.

The Mergers

 

 

 

 

Section 1.2.

Closing

 

 

 

 

Section 1.3.

Effective Time

 

 

 

 

Section 1.4.

Effects of the Mergers

 

 

 

 

Section 1.5.

Governing Instruments of the Surviving Corporation

 

 

 

 

Section 1.6.

Directors or Managers and Officers of the Surviving Corporation

 

 

 

ARTICLE II

Effect of the Mergers on the Capital Stock of the Constituent Persons; Exchange of Certificates; Company Stock Options

 

 

 

Section 2.1.

Effect on Capital Stock

 

 

 

 

Section 2.2.

Exchange of Certificates

 

 

 

 

Section 2.3.

Company Stock Options

 

 

 

 

Section 2.4.

Adjustments

 

 

 

 

Section 2.5.

Appraisal Rights

 

 

 

ARTICLE III

Representations and Warranties of the Company

 

 

 

Section 3.1.

Organization, Standing and Corporate Power

 

 

 

 

Section 3.2.

Capitalization

 

 

 

 

Section 3.3.

Authority; Noncontravention; Voting Requirements

 

 

 

 

Section 3.4.

Governmental Approvals

 

 

 

 

Section 3.5.

Company SEC Documents; Financial Statements; Undisclosed Liabilities

 

 

 

 

Section 3.6.

Absence of Certain Changes or Events

 

 

 

 

Section 3.7.

Legal Proceedings

 

 

 

 

Section 3.8.

Compliance With Laws; Permits

 

 

 

 

Section 3.9.

Information Supplied

 

 

 

 

Section 3.10.

Tax Matters

 

 

 

 

Section 3.11.

Employee Benefits and Labor Matters

 

 

 

 

Section 3.12.

Environmental Matters

 

 

 

 

Section 3.13.

Contracts

 

 

i



 

Section 3.14.

Title to Properties

 

 

 

 

Section 3.15.

Intellectual Property

 

 

 

 

Section 3.16.

Insurance, Claims and Warranties

 

 

 

 

Section 3.17.

Opinion of Financial Advisor

 

 

 

 

Section 3.18.

Brokers and Other Advisors

 

 

 

 

Section 3.19.

State Takeover Statutes; Company Certificate of Incorporation and By-law Provisions

 

 

 

 

Section 3.20.

Vessels

 

 

 

 

Section 3.21.

Reorganization Treatment

 

 

 

ARTICLE IV

Representations and Warranties of Parent, Merger Sub and LLC

 

 

 

Section 4.1.

Organization, Standing and Corporate Power

 

 

 

 

Section 4.2.

Capital Structure

 

 

 

 

Section 4.3.

Authority; Noncontravention

 

 

 

 

Section 4.4.

Governmental Approvals

 

 

 

 

Section 4.5.

Parent SEC Documents; Financial Statements; Undisclosed Liabilities

 

 

 

 

Section 4.6.

Absence of Certain Changes or Events

 

 

 

 

Section 4.7.

Legal Proceedings

 

 

 

 

Section 4.8.

Compliance With Laws; Permits

 

 

 

 

Section 4.9.

Information Supplied

 

 

 

 

Section 4.10.

Tax Matters

 

 

 

 

Section 4.11.

Employee Benefits and Labor Matters

 

 

 

 

Section 4.12.

Environmental Matters

 

 

 

 

Section 4.13.

Contracts

 

 

 

 

Section 4.14.

Title to Properties

 

 

 

 

Section 4.15.

Intellectual Property

 

 

 

 

Section 4.16.

Insurance, Claims and Warranties

 

 

 

 

Section 4.17.

Opinion of Financial Advisor

 

 

 

 

Section 4.18.

Ownership and Operations of Merger Sub and LLC

 

 

ii



 

Section 4.19.

Brokers and Other Advisors

 

 

 

 

Section 4.20.

Reorganization Treatment

 

 

 

 

Section 4.21.

Vessels

 

 

 

ARTICLE V

Additional Covenants and Agreements

 

 

 

Section 5.1.

Preparation of the Form S-4 and the Joint Proxy Statement; Stockholders Meetings

 

 

 

 

Section 5.2.

Conduct of Business

 

 

 

 

Section 5.3.

No Solicitation by the Company; Etc