Opinion ID: 1952721
Heading Depth: 1
Heading Rank: 17

Heading: NCS/Genesis Merger Agreement

Text: Among other things, the NCS/Genesis merger agreement provided the following:  NCS stockholders would receive 1 share of Genesis common stock in exchange for every 10 shares of NCS common stock held;  NCS stockholders could exercise appraisal rights under 8 Del. C. § 262;  NCS would redeem NCS's Notes in accordance with their terms;  NCS would submit the merger agreement to NCS stockholders regardless of whether the NCS board continued to recommend the merger;  NCS would not enter into discussions with third parties concerning an alternative acquisition of NCS, or provide nonpublic information to such parties, unless (1) the third party provided an unsolicited, bona fide written proposal documenting the terms of the acquisition; (2) the NCS board believed in good faith that the proposal was or was likely to result in an acquisition on terms superior or to those contemplated by the NCS/Genesis merger agreement; and (3) before providing non-public information to that third party, the third party would execute a confidentiality agreement at least as restrictive as the one in place between NCS and Genesis; and  If the merger agreement were to be terminated, under certain circumstances NCS would be required to pay Genesis a $6 million termination fee and/or Genesis's documented expenses, up to $5 million.