Exhibit 2.1 Agreement and Plan of Merger by and Among: Diasorin S.p.a. Diagonal Subsidiary Inc. And Luminex Corporation
| Date | 20 November 2021 |
| Section | Merger Agreements |
Exhibit 2.1
AGREEMENT AND PLAN OF MERGER
BY AND AMONG:
DIASORIN S.P.A.
DIAGONAL SUBSIDIARY INC.
AND
LUMINEX CORPORATION
DATED AS OF
APRIL 11, 2021
________________
ARTICLE I THE MERGER 1 Section 1.1 The Merger 1 Section 1.2
Conversion of Shares of Common Stock 2 Section 1.3 Surrender and Payment
3 Section 1.4 Dissenting Shares 4 Section 1.5 Company Equity Awards 5
Section 1.6 Withholding Rights 6 Section 1.7 Lost Certificates 6
Section 1.8 Adjustments to Merger Consideration 7 ARTICLE II THE SURVIVING
CORPORATION 7 Section 2.1 Certificate of Incorporation 7 Section 2.2
Bylaws 7 Section 2.3 Directors and Officers 7 ARTICLE III
REPRESENTATIONS AND WARRANTIES OF THE COMPANY 7 Section 3.1 Organization
8 Section 3.2 Capitalization 8 Section 3.3 Authorization; No Conflict
9 Section 3.4 Subsidiaries 10 Section 3.5 SEC Reports and Financial
Statements 11 Section 3.6 Absence of Material Adverse Changes, etc 12
Section 3.7 Litigation 12 Section 3.8 Broker’s or Finder’s Fees 12
Section 3.9 Employee Plans 12 Section 3.10 Opinion of Financial Advisor
14 Section 3.11 Taxes 14 Section 3.12 Compliance with Laws; Permits 15
Section 3.13 Regulatory Matters 16 Section 3.14 Intellectual Property 17
Section 3.15 Employment Matters 20 Section 3.16 Insurance 20 Section
3.17 Material Contracts 21 Section 3.18 Real Property 22 Section 3.19
Inapplicability of Anti-takeover Statutes 23 Section 3.20 Environmental
Matters 23 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER
SUBSIDIARY 23 Section 4.1 Organization 23 Section 4.2 Authorization;
No Conflict 23 Section 4.3 No Legal Proceedings Challenging the Merger
24 Section 4.4 Ownership of Company Common Stock 24 Section 4.5 Broker’s
or Finder’s Fees 25 Section 4.6 Activities of Merger Subsidiary 25
Section 4.7 Disclosure Documents 25 Section 4.8 Solvency 25 Section
4.9 Certain Arrangements 26 Section 4.10 Financing 26 Section 4.11 No
Other Company Representations or Warranties 27 ii
________________
ARTICLE V COVENANTS 27 Section 5.1 Access and Investigation 27 Section
5.2 Operation of the Company’s Business 28 Section 5.3 Acquisition
Proposals 30 Section 5.4 Proxy Filing 34 Section 5.5 Stockholders
Meeting 34 Section 5.6 Filings; Other Actions; Notification 34 Section
5.7 Stock Exchange De-listing 37 Section 5.8 Public Announcements 37
Section 5.9 Indenture; Convertible Note Hedge Options and Warrants 38
Section 5.10 Directors and Officers Exculpation, Indemnification and Insurance
38 Section 5.11 Transaction Litigation 40 Section 5.12 Rule 16b-3 40
Section 5.13 Employee Matters 40 Section 5.14 Confidentiality 42 Section
5.15 Financing 42 Section 5.16 Obligations of Merger Subsidiary 46
Section 5.17 Parent Vote 46 Section 5.18 Works Councils 46 Section 5.19
Takeover Statutes 46 Section 5.20 Notification of Certain Matters 46
Section 5.21 Tax Cooperation 47 ARTICLE VI CONDITIONS TO MERGER 47
Section 6.1 Conditions to Each Party’s Obligation to Effect the Merger 47
Section 6.2 Additional Parent and Merger Subsidiary Conditions 47 Section
6.3 Additional Company Conditions 48 ARTICLE VII TERMINATION 49
Section 7.1 Termination 49 Section 7.2 Notice of Termination 50
Section 7.3 Effect of Termination 50 Section 7.4 Company Termination Fees
51 ARTICLE VIII MISCELLANEOUS PROVISIONS 52 Section 8.1 Amendment or
Supplement 52 Section 8.2 Extension of Time, Waiver, etc 52 Section 8.3
No Survival 52 Section 8.4 Entire Agreement; No Third Party Beneficiary
52 Section 8.5 Applicable Law; Jurisdiction 53 Section 8.6 Non-Reliance
55 Section 8.7 Assignment 56 Section 8.8 Notices 56 Section 8.9
Severability 57 Section 8.10 Construction 57 Section 8.11
Counterparts; Signatures 58
Exhibit A Definitions Exhibit B Certificate of Incorporation of the
Surviving Corporation Exhibit C Bylaws iii
________________
AGREEMENT AND PLAN OF MERGER
This AGREEMENT AND PLAN OF MERGER (“Agreement”) is made and entered into as of
April 11, 2021 (the “Agreement Date”) by and among DiaSorin S.p.A., a società
per azioni organized under the laws of the Republic of Italy (“Parent”),
Diagonal Subsidiary Inc., a Delaware corporation and wholly owned indirect
subsidiary of Parent (“Merger Subsidiary”), and Luminex Corporation, a Delaware
corporation (the “Company”). Certain capitalized terms used in this Agreement
are defined in Exhibit A.
RECITALS
WHEREAS, the parties hereto intend that, on the terms and subject to the
conditions set forth herein, Merger Subsidiary shall merge with and into the
Company, with the Company being the surviving corporation (the “Merger”);
WHEREAS, the board of directors of the Company (the “Company Board”) has
unanimously (i) determined that this Agreement and the Transactions, including
the Merger, are fair to and in the best interests of the Company and its
stockholders, (ii) approved and declared advisable this Agreement and the
Transactions, (iii) resolved to recommend that the Company’s stockholders adopt
this Agreement and approve the Merger and (iv) directed that this Agreement be
submitted to the Company’s stockholders for their adoption;
WHEREAS, each of the boards of directors of Parent and Merger Subsidiary has (i)
approved and declared advisable this Agreement and the Transactions, including
the Merger, upon the terms and subject to the conditions set forth herein and
(ii) determined that this Agreement and the Transactions, including the Merger,
are fair to, and in the best interests of, Parent and Merger Subsidiary,
respectively;
WHEREAS, Parent shall, or shall cause the direct holder of the stock of Merger
Subsidiary to, immediately following execution and delivery of this Agreement,
adopt this Agreement in its capacity as sole stockholder of Merger Subsidiary;
and
WHEREAS, the Company, Parent and Merger Subsidiary desire to make certain
representations, warranties, covenants and agreements in connection with this
Agreement and to set forth certain conditions to the Merger.
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants and premises contained
in this Agreement and for other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties to this Agreement agree
as follows:
ARTICLE I THE MERGER
Section 1.1 The Merger. (a) Upon the terms and subject to the satisfaction
or waiver (to the extent permitted by applicable Law) of the conditions set
forth in Article VI (other than those conditions that by their terms are to be
satisfied at the Closing, but subject to the satisfaction or waiver (to the
extent permitted by applicable Law) of such conditions at the Closing), at the
Effective Time, Merger Subsidiary shall be merged with and into the Company in
accordance with the Delaware General Corporation Law (the “DGCL”) whereupon the
separate existence of Merger Subsidiary shall cease, and the Company shall be
the surviving corporation (the “Surviving Corporation”) as a wholly owned
indirect Subsidiary of Parent.
________________
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