Agreement and Plan of Merger (2008)Full Document 

Start of Preview
CONFIDENTIAL
EXECUTION COPY
 
 
 
Agreement and Plan of Merger
among
Apria Healthcare Group Inc.,
Sky Acquisition LLC
and
Sky Merger Sub Corporation
Dated as of June 18, 2008
 
 

 


 

TABLE OF CONTENTS
             
        Page 
 
           
ARTICLE I DEFINITIONS     1  
Section 1.1
  Usage     1  
Section 1.2
  Certain Definitions     1  
 
           
ARTICLE II THE MERGER     10  
Section 2.1
  The Merger     10  
Section 2.2
  Effective Time     10  
Section 2.3
  Closing of the Merger     10  
Section 2.4
  Effects of the Merger     11  
Section 2.5
  Certificate of Incorporation and Bylaws     11  
Section 2.6
  Board of Directors of the Surviving Corporation     11  
Section 2.7
  Officers of the Surviving Corporation     11  
Section 2.8
  Subsequent Actions     11  
Section 2.9
  Conversion of Capital Stock     12  
Section 2.10
  Exchange of Certificates     12  
Section 2.11
  Stock Options     15  
Section 2.12
  Appraisal Rights     15  
Section 2.13
  Withholding Rights     16  
Section 2.14
  Adjustments     16  
 
           
ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY     16  
Section 3.1
  Organization and Standing     16  
Section 3.2
  Subsidiaries     17  
Section 3.3
  Authorization     17  
Section 3.4
  Capitalization     18  
Section 3.5
  Non-contravention; Required Consents     19  
Section 3.6
  SEC Reports     20  
Section 3.7
  Financial Statements     20  
Section 3.8
  Proxy Statementve     21  
Section 3.9
  No Undisclosed Liabilities     21  

i


 

TABLE OF CONTENTS (continued)
             
        Page 
             
Section 3.10
  Absence of Certain Changes     21  
Section 3.11
  Material Contracts     22  
Section 3.12
  Compliance with Laws     24  
Section 3.13
  Litigation     24  
Section 3.14
  Taxes     24  
Section 3.15
  Environmental Matters     25  
Section 3.16
  Employee Benefit Plans     26  
Section 3.17
  Labor Matters     27  
Section 3.18
  Real Property     28  
Section 3.19
  Assets; Personal Property     28  
Section 3.20
  Intellectual Property     28  
Section 3.21
  Insurance     29  
Section 3.22
  Related Party Transactions     30  
Section 3.23
  Vote Required     30  
Section 3.24
  Brokers     30  
Section 3.25
  Opinion of Financial Advisor     30  
Section 3.26
  Takeover Laws     30  
Section 3.27
  Health Care Matters     30  
Section 3.28
  Disclaimer of Other Representations and Warranties     32  
 
           
ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER AND MERGER SUB     32  
Section 4.1
  Organization     32  
Section 4.2
  Authorization     33  
Section 4.3
  Non-contravention; Required Consents     33  
Section 4.4
  Information     34  
Section 4.5
  Merger Sub; No Prior Activities     34  
Section 4.6
  Compliance with Law     34  
Section 4.7
  Litigation     34  
Section 4.8
  Financing     34  
Section 4.9
  Guarantee     35  

ii


 

TABLE OF CONTENTS (continued)
             
        Page 
             
Section 4.10
  Solvency.     35  
Section 4.11
  Ownership of Company Capital Stock     36  
Section 4.12
  Brokers     36  
Section 4.13
  No Additional Representations; Disclaimer Regarding Estimates and Projections     36  
 
           
ARTICLE V COVENANTS     37  
Section 5.1
  Conduct of Business by the Company     37  
Section 5.2
  Company Stockholders Meeting; Proxy Statement     41  
Section 5.3
  Acquisition Proposals     42  
Section 5.4
  Transfer Taxes     44  
Section 5.5
  Access to Information     45  
Section 5.6
  Governmental Filings     45  
Section 5.7
  Approvals and Consents     47  
Section 5.8
  Public Announcements     47  
Section 5.9
  Indemnification; Insurance     47  
Section 5.10
  Notification of Certain Matters     48  
Section 5.11
  Obligations of Merger Sub; Voting of Shares     49  
Section 5.12
  Reasonable Efforts     49  
Section 5.13
  Rule 16b-3     49  
Section 5.14
  Director Resignations     49  
Section 5.15
  Employment and Employee Benefits Matters; Other Plans     49  
Section 5.16
  Financing Efforts  

End of Preview