Agreement and Plan of Merger (2007)Full Document 

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AGREEMENT AND PLAN OF MERGER

among

Talon Holdings Corp.,


Talon Acquisition Co.


and


EGL, Inc.


Dated as of March 18, 2007











TABLE OF CONTENTS


Page





ARTICLE I

THE MERGER

2

Section 1.1

The Merger

2

Section 1.2

Closing

2

Section 1.3

Effective Time

2

Section 1.4

Effects of the Merger

2

Section 1.5

Articles of Incorporation and Bylaws of the Surviving Corporation

2

Section 1.6

Directors

3

Section 1.7

Officers

3

ARTICLE II

CONVERSION OF SHARES; EXCHANGE OF CERTIFICATES

3

Section 2.1

Effect on Capital Stock

3

Section 2.2

Exchange of Certificates

5

Section 2.3

Timing of Equity Rollover

7

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

7

Section 3.1

Qualification, Organization, Subsidiaries, etc

7

Section 3.2

Capital Stock

8

Section 3.3

Subsidiaries

10

Section 3.4

Corporate Authority Relative to This Agreement; No Violation

10

Section 3.5

Reports and Financial Statements

11

Section 3.6

Internal Controls and Procedures

12

Section 3.7

No Undisclosed Liabilities

12

Section 3.8

Compliance with Law; Permits

12

Section 3.9

Environmental Laws and Regulations

13

Section 3.10

Employee Benefit Plans

14

Section 3.11

Interested Party Transactions

16

Section 3.12

Absence of Certain Changes or Events

16

Section 3.13

Investigations; Litigation

17

Section 3.14

Proxy Statement; Other Information

17

Section 3.15

Tax Matters

17

Section 3.16

Labor Matters

19

Section 3.17

Intellectual Property

20

Section 3.18

Property

20

Section 3.19

Insurance

20

Section 3.20

Opinion of Financial Advisor

21

Section 3.21

Required Vote of the Company Shareholders

21

Section 3.22

Material Contracts

21

Section 3.23

Finders or Brokers

21

Section 3.24

State Takeover Statutes; Rights Plan

22

Section 3.25

Disclaimer

22

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB

23

Section 4.1

Qualification; Organization

23



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TABLE OF CONTENTS

(continued)

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Section 4.2

Corporate Authority Relative to This Agreement; No Violation

23

Section 4.3

Proxy Statement; Other Information

24

Section 4.4

Financing

24

Section 4.5

Ownership and Operations of Merger Sub

25

Section 4.6

Finders or Brokers

25

Section 4.7

Ownership of Shares

26

Section 4.8

Certain Arrangements

26

Section 4.9

Investigations; Litigation

26

Section 4.10

Guarantees

26

Section 4.11

No Other Information

26

Section 4.12

Access to Information; Disclaimer

26

Section 4.13

Solvency

27

ARTICLE V

COVENANTS AND AGREEMENTS

27

Section 5.1

Conduct of Business by the Company and Parent

27

Section 5.2

Access to Information

31

Section 5.3

No Solicitation

32

Section 5.4

Filings; Other Actions

34

Section 5.5

Stock Options and Other Stock-Based Awards; Employee Matters

35

Section 5.6

Efforts

37

Section 5.7

Takeover Statute

39

Section 5.8

Public Announcements

39

Section 5.9

Indemnification and Insurance

40

Section 5.10

Financing

42

Section 5.11

Shareholder Litigation

43

Section 5.12

Notification of Certain Matters

43

Section 5.13

Rule 16b-3

43

Section 5.14

Rights Plan

44

Section 5.15

Acquisition of Shares

44

Section 5.16

Control of Operations

44

Section 5.17

Notes and Amounts Outstanding Under Credit Agreement

44

ARTICLE VI

CONDITIONS TO THE MERGER

44

Section 6.1

Conditions to Each Party’s Obligation to Effect the Merger

44

Section 6.2

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