AMENDMENT TO AGREEMENT AND PLAN OF MERGER
Exhibit
2.1
AMENDMENT
TO AGREEMENT AND PLAN OF MERGER
THIS
AMENDMENT TO AGREEMENT AND PLAN OF MERGER
(this
“Amendment”)
dated
July 11, 2008, by and among COMTECH TELECOMMUNICATIONS CORP., a Delaware
corporation (“Parent”),
COMTECH TA CORP., a Delaware corporation and wholly-owned subsidiary of Parent
(“Purchaser”),
and
RADYNE CORPORATION, a Delaware corporation (the “Company”).
Capitalized terms used herein and not otherwise defined shall have the meaning
given them in the Agreement and Plan of Merger, dated May 10, 2008, among
Parent, Purchaser and the Company (the “Merger
Agreement”).
Parent, Purchaser and the Company shall each be referred to herein as a “Party”
and collectively as the “Parties.”
WHEREAS,
pursuant to Section 9.04 of the Merger Agreement, the Merger Agreement may
be
amended by a written instrument signed by the parties to the Merger Agreement;
and
WHEREAS,
the
Board of Directors of Parent, Purchaser and the Company view it to be advisable,
desirable and in the best interests of Parent, Purchaser and the Company,
respectively, to amend the Merger Agreement.
NOW,
THEREFORE,
in
consideration of the foregoing, the agreements hereinafter set forth and for
other good and valuable consideration, the receipt and sufficiency of which
are
hereby acknowledged, the Parties agree as follows:
1. Extension
of Expiration Date.
The
Offer shall be extended and remain open until 12:01 a.m., New York City time,
on
August 1, 2008 (the “Expiration
Date”),
unless Purchaser shall have extended the period of time for which the Offer
is
open pursuant to, and in accordance with, the provisions of Section 2.01(b)
of
the Merger Agreement or as may be required by applicable Law, in which event
the
term "Expiration Date" shall mean the latest time and date as the Offer, as
so
extended, may expire.
2. Closing.
Purchaser and Parent agree that the Tender Offer Conditions set forth in items
(a), (d), (e), (f), (g) and (i) of Annex A to the Merger Agreement have been
satisfied as of 5:00 p.m. New York City time on the date hereof. The Company
shall furnish Parent concurrently with the execution of this Amendment, a
certificate dated as of the date hereof, signed on its behalf by both its Chief
Executive Officer and Chief Financial Officer to the effect that the conditions
set forth in items (d) and (e) of Annex A to the Merger Agreement shall not
have
occurred and continue to exist. The certificate to be furnished by the Company
to Parent pursuant to the preceding sentence shall be in the form attached
hereto as Exhibit A. Notwithstanding the foregoing, Parent and Purchaser shall
retain the right to terminate the Merger Agreement in the event that on the
Expiration Date (x) the Minimum Condition shall not be satisfied or (y) the
conditions set forth in items (b) or (c) of Annex A to the Merger Agreement
shall have occurred and continue to exist. Subject to the foregoing, Purchaser
and Parent further agree that the Merger shall be consummated within three
business days following the Expiration Date.
3. No
Further Amendment.
Except
to the extent expressly modified by this Amendment, all of the provisions of
the
Merger Agreement shall remain in full force and effect, without modification
or
amendment and are ratified in all respects, including the provisions of Section
7.07 of the Merger Agreement, which apply expressly to this Amendment and all
actions taken in respect hereof. This Amendment is limited by its terms and
does
not and shall not serve to amend or waive any provision of the Merger Agreement
except as expressly provided for in this Amendment.
4. Governing
Law; General Provisions.
This
Amendment shall be governed by, and construed in accordance with, the laws
of
the State of Delaware (without giving effect to choice of law principles
thereof) and shall be interpreted and enforced in accordance with the terms
of
the Merger Agreement.
5. Counterparts,
Facsimile Execution.
This
Amendment may be executed in two or more counterparts (which may be by facsimile
or other electronic signature), each of which shall be deemed an original and
all of which together shall be
considered one and the same instrument.
[Signature
Page to Follow]
IN
WITNESS WHEREOF, the Parties have executed this Amendment as of the date first
above written.
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COMTECH
TELECOMMUNICATIONS CORP.
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By:
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/s/
▇▇▇▇ ▇▇▇▇▇▇▇▇
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Name:
▇▇▇▇ ▇▇▇▇▇▇▇▇
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Title:
President and Chief Executive Officer
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COMTECH
TA CORP.
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By:
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/s/
▇▇▇▇ ▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇
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Title: Chief Executive Officer
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RADYNE
CORPORATION
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By:
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/s/
▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
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Name:
▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
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Title:
Chief Executive Officer
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Exhibit
A
OFFICER'S
CERTIFICATE
This
Officer’s Certificate is being furnished to Comtech Telecommunications Corp., a
Delaware corporation, pursuant to the Agreement and Plan of Merger, dated as
of
May 10, 2008, as amended (the “Merger
Agreement”),
by
and among Comtech Telecommunications Corp., Comtech TA Corp., a Delaware
corporation, and Radyne Corporation, a Delaware corporation (the “Company”).
Capitalized terms used, but not defined, herein shall have the respective
meanings given to them in the Merger Agreement.
The
undersigned, ▇▇▇▇▇ ▇▇▇▇▇▇, in his capacity as Chief Executive Officer of the
Company, and ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, in his capacity as the Chief Financial Officer
of the Company, and not in their individual capacities, do hereby certify as
follows:
The
conditions set forth in items (d) and (e) of the Tender Offer Conditions have
not occurred and do not continue to exist.
IN
WITNESS WHEREOF, the undersigned have executed and delivered this Officer’s
Certificate this 11 day of July, 2008.
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By:
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/s/
▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
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Name:
▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇
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Title:
Chief Executive Officer
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By:
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/s/
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Name:
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Title:
Chief Financial Officer
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