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AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

Agreement and Plan of Merger

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MICROMET, INC. | CancerVax Corporation | Carlsbad Acquisition Corporation | Micromet, Inc | Micromet AG

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Title: AGREEMENT AND PLAN OF MERGER AND REORGANIZATION
Governing Law: Delaware     Date: 1/9/2006
Industry: BIOTRX     Law Firm: Latham & Watkins LLP; Cooley Godward LLP;    

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Table of Contents

EXHIBIT 2.1

AGREEMENT AND PLAN OF MERGER AND REORGANIZATION

among:

CancerVax Corporation,

a Delaware corporation;

Carlsbad Acquisition Corporation,

a Delaware corporation;

Micromet, Inc.,

a Delaware corporation; and

Micromet AG,

a German corporation

 

Dated as of January 6, 2006

 


Table of Contents

 

 

 

 

 

 

 SECTION 1. DESCRIPTION OF TRANSACTION

 

2

 

 1.1

 

 Micromet Recapitalization

 

2

 

 1.2

 

 Merger of Merger Sub into Parent

 

2

 

 1.3

 

 Effects of the Merger

 

2

 

 1.4

 

 Closing; Effective Time

 

2

 

 1.5

 

 Certificate of Incorporation and Bylaws; Directors and Officers

 

2

 

 1.6

 

 Conversion of Shares

 

3

 

 1.7

 

 Closing of Parent’s Transfer Books

 

4

 

 1.8

 

 Surrender of Certificates

 

4

 

 1.9

 

 Appraisal Rights

 

5

 

 1.10

 

 Further Action

 

5

 

 1.11

 

 Tax Consequences

 

5

 SECTION 2. REPRESENTATIONS AND WARRANTIES OF PARENT AND MICROMET

 

6

 

 2.1

 

 Subsidiaries; Due Organization; Etc

 

6

 

 2.2

 

 Certificate of Incorporation; Bylaws

 

6

 

 2.3

 

 Capitalization, Etc

 

6

 

 2.4

 

 Financial Statements

 

8

 

 2.5

 

 Absence of Changes

 

8

 

 2.6

 

 Title to Assets

 

9

 

 2.7

 

 Real Property; Leasehold

 

10

 

 2.8

 

 Intellectual Property

 

10

 

 2.9

 

 Agreements, Contracts and Commitments

 

11

 

 2.10

 

 Liabilities

 

12

 

 2.11

 

 Compliance; Permits; Restrictions

 

12

 

 2.12

 

 Tax Matters

 

12

 

 2.13

 

 Employee and Labor Matters; Benefit Plans

 

14

 

 2.14

 

 Environmental Matters

 

15

 

 2.15

 

 Insurance

 

15

 

 2.16

 

 Affiliates

 

16

 

 2.17

 

 Legal Proceedings; Orders

 

16

 

 2.18

 

 Authority; Binding Nature of Agreement

 

16

 

 2.19

 

 Inapplicability of Anti-takeover Statutes

 

16

 

 2.20

 

 Vote Required

 

16

 

 2.21

 

 Non-Contravention; Consents

 

17

 

 2.22

 

 No Financial Advisor

 

17

 SECTION 3. REPRESENTATIONS AND WARRANTIES OF CANCERVAX AND MERGER SUB

 

18

 

 3.1

 

 Subsidiaries; Due Organization; Etc

 

18

 

 3.2

 

 Certificate of Incorporation; Bylaws; Charters and Codes of Conduct

 

18

 

 3.3

 

 Capitalization, Etc

 

18

 

 3.4

 

 SEC Filings; Financial Statements

 

20

 

 3.5

 

 Absence of Changes

 

21

 

 3.6

 

 Title to Assets

 

22

 

 3.7

 

 Real Property; Leasehold

 

22


Table of Contents

 

 

 

 

 

 

 

 3.8

 

 Intellectual Property

 

22

 

 3.9

 

 Agreements, Contracts and Commitments

 

23

 

 3.10

 

 Obligations; Liabilities

 

24

 

 3.11

 

 Compliance; Permits; Restrictions

 

25

 

 3.12

 

 Tax Matters

 

25

 

 3.13

 

 Employee and Labor Matters; Benefit Plans

 

26

 

 3.14

 

 Environmental Matters

 

28

 

 3.15

 

 Insurance

 

28

 

 3.16

 

 Transactions with Affiliates

 

28

 

 3.17

 

 Legal Proceedings; Orders

 

28

 

 3.18

 

 Authority; Binding Nature of Agreement

 

29

 

 3.19

 

 Inapplicability of Anti-takeover Statutes

 

29

 

 3.20

 

 Vote Required

 

29

 

 3.21

 

 Non-Contravention; Consents

 

29

 

 3.22

 

 No Financial Advisor

 

30

 

 3.23

 

 Valid Issuance

 

30

 SECTION 4. CERTAIN COVENANTS OF THE PARTIES

 

30

 

 4.1

 

 Access and Investigation

 

30

 

 4.2

 

 Operation of CancerVax’s Business

 

31

 

 4.3

 

 Operation of Parent’s and Micromet’s Business

 

34

 

 4.4

 

 No Solicitation

 

36

 SECTION 5. ADDITIONAL AGREEMENTS OF THE PARTIES

 

37

 

 5.1

 

 Registration Statement; Joint Proxy Statement/ Prospectus

 

37

 

 5.2

 

 Parent Stockholders’ Meeting; Micromet Recapitalization

 

37

 

 5.3

 

 CancerVax Stockholders’ Meeting

 

38

 

 5.4

 

 Regulatory Approvals

 

39

 

 5.5

 

 Stock Options

 

39

 

 5.6

 

 Employee Benefits

 

40

 

 5.7

 

 Indemnification of Officers and Directors

 

40

 

 5.8

 

 Additional Agreements

 

41

 

 5.9

 

 Disclosure

 

41

 

 5.10

 

 Affiliate Agreements

 

41

 

 5.11

 

 Listing

 

41

 

 5.12

 

 Directors

 

42

 

 5.13

 

 Resale Registration Statement

 

42

 

 5.14

 

 Tax Matters

 

42

 

 5.15

 

 Financial Statements

 

43

 SECTION 6. CONDITIONS PRECEDENT TO OBLIGATIONS OF EACH PARTY

 

43

 

 6.1

 

 Effectiveness of Registration Statement

 

43

 

 6.2

 

 No Restraints

 

43

 

 6.3

 

 Stockholder Approval

 

43

 

 6.4

 

 Listing

 

43

 

 6.5

 

 Regulatory Matters

 

43

 

 6.6

 

 No Governmental Proceedings Relating to Contemplated Transactions or Right to Operate Business

 

43

ii


Table of Contents

 

 

 

 

 

 

 

 SECTION 7. ADDITIONAL CONDITIONS PRECEDENT TO OBLIGATIONS OF CANCERVAX AND MERGER SUB

 

44

 

 

 7.1

 

 Accuracy of Representations

 

44

 

 

 7.2

 

 Performance of Covenants

 

44

 

 

 7.3

 

 Consents

 

44

 

 

 7.4

 

 Agreements and Other Documents

 

44

 

 

 7.5

 

 No Other Proceedings

 

44