Wayne Michigan Agreement of Merger by CP National Corp., Alltel Corp., and Alltel California, Inc.

• Category: Corporations - Mergers and Acquisitions
• State: Multi-State
• County: Wayne
• Control #: US-CC-12-1384JF
• Format: Word; Rich Text

Description

12-1384JF 12-1384JF . . . Agreement of Merger for (a) merger of (i) unrelated company ("Acquiring Company") into corporation (in which event corporation would survive merger and Acquiring Company would cease to exist), or (ii) corporation into Acquiring Company (in which event Acquiring Company would survive merger and corporation would cease to exist), or (iii) corporation into subsidiary of Acquiring Company that was organized for purpose of merger (in which event subsidiary would survive merger and corporation would cease to exist) and (b) conversion of each share of corporation common stock into right to receive 1.15 shares of Acquiring Company common stock. The determination of form of merger will be made by corporation and Acquiring Company ("Constituent Companies") based upon (x) corporation's ability to obtain from Securities and Exchange Commission an exemption from certain provisions of Public Utility Holding Company Act of 1935 and (y) determination by Constituent Companies as to whether it is desirable to effect merger in manner to assure that it qualifies as reorganization under Section 368 of Internal Revenue Code of 1986

The Wayne Michigan Agreement of Merger is a legal document that outlines the merger agreement between CP National Corp., All tel Corp., and All tel California, Inc. This merger agreement signifies the consolidation of the three entities into a single entity, resulting in a new and stronger organization. Under the Wayne Michigan Agreement of Merger, CP National Corp., All tel Corp., and All tel California, Inc. come together to combine their resources, assets, and operations. This merger is aimed at achieving growth, increased market presence, and enhanced efficiency in the telecommunications' industry. This merger agreement entails various key aspects, including the transfer of ownership, organizational structure, financial terms, and legal obligations, among others. It details the rights, responsibilities, and commitments of each party involved in the merger process. The Wayne Michigan Agreement of Merger is a comprehensive document that covers various types of mergers, such as: 1. Horizontal merger: This type of merger involves the consolidation of companies operating in the same industry and at the same stage of the production process. In this case, CP National Corp., All tel Corp., and All tel California, Inc. may belong to the telecommunications' industry, making this merger a horizontal one. 2. Vertical merger: This type of merger occurs when companies from different stages of the production process, such as manufacturers and distributors, come together. While there is no explicit information regarding the involvement of multiple stages, it is possible that CP National Corp., All tel Corp., and All tel California, Inc. hold diverse roles that complement each other, making this merger a vertical one. 3. Conglomerate merger: This type of merger involves companies from unrelated industries merging together. However, since the specific industries of the merging entities are not described, it is unclear whether a conglomerate merger is applicable to the Wayne Michigan Agreement of Merger. Overall, the Wayne Michigan Agreement of Merger by CP National Corp., All tel Corp., and All tel California, Inc. represents a significant step towards consolidating the strengths and resources of these entities to create a more robust organization in the telecommunications' industry. This merger agreement aims to enhance competitiveness, expand market reach, and generate synergies that will benefit all parties involved.