EXHIBIT 2.02
AMENDMENT NO. 1
TO AGREEMENT AND PLAN OF MERGER
AMENDMENT NO. 1 TO
AGREEMENT AND PLAN OF MERGER, dated as of August 18, 2003
(this “Amendment”) by and among Quintiles Transnational
Corp., a North Carolina corporation (the “Company”),
Pharma Services Holding, Inc., a Delaware corporation
(“Parent”) and Pharma Services Acquisition Corp., a
North Carolina corporation and wholly owned subsidiary of Parent
(“Merger Sub”). Capitalized terms used herein but not
defined shall have the meaning ascribed to such terms in the Merger
Agreement (as defined below).
WITNESSETH:
WHEREAS, the
Company, Parent and Merger Sub have entered into that certain
Agreement and Plan of Merger, dated as of April 10, 2003 (the
“Merger Agreement”);
WHEREAS,
Section 9.11 of the Merger Agreement provides that the Merger
Agreement may be amended by the parties thereto by action taken by
each of Parent, Merger Sub and the Company (with the consent of the
Special Committee) at any time before the Effective Time by an
instrument in writing signed by the parties to the Merger
Agreement;
WHEREAS, the
Effective Time has not occurred and the Company, Parent and Merger
Sub wish to amend the Merger Agreement as set forth
below;
WHEREAS, the
Special Committee has approved and adopted this Amendment and the
transactions contemplated thereby and has consented to the Company
entering in to this Amendment;
WHEREAS, the
boards of directors of the Company, Parent and Merger Sub have
approved and adopted this Amendment and the transactions
contemplated thereby;
NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and
agreements herein contained, and intending to be legally bound
hereby, the Company, Parent and Merger Sub hereby agree as
follows:
ARTICLE I.
AMENDMENTS
SECTION
1.1. Amendments. Section 2.7 of the Merger Agreement is
amended by deleting the provisions thereof in their entirety and by
substituting the following in lieu thereof:
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“SECTION 2.7.
Conversion of Securities. At the Effective Time, by virtue of the
Merger and without any action on the part of the Company, Parent,
Merger Sub or the holder of any of the following
securities:
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