EXHIBIT 21 AGREEMENT AND PLAN OF MERGER By and among MAXSERV, INC., MAX ACQUISITION DELAWARE INC.,Agreement and Plan of Merger • March 3rd, 1997 • Maxserv Inc • Services-business services, nec • Delaware
EXHIBIT 22 STOCKHOLDER TENDER AGREEMENTStockholder Tender Agreement • March 3rd, 1997 • Maxserv Inc • Services-business services, nec • Delaware
FOR IMMEDIATE RELEASE --------------------- March 3, 1997 Media Contacts --------------Maxserv Inc • March 3rd, 1997 • Services-business services, nec
CHICAGO, Illinois - Sears, Roebuck and Co. [NYSE: S] and MaxServ, Inc. [Nasdaq SmallCap Market/SM/: MXSV] today announced the execution of a definitive merger agreement in which Sears agreed to increase the price of its offer, through its wholly-owned subsidiary, for any and all outstanding shares of MaxServ from $7.00 to $7.75. Sears pending tender offer will be amended to reflect the cash price of $7.75 per share. The expiration date of the offer will also be extended until Friday, March 14, 1997. Sears intends to disseminate today to MaxServ shareholders a supplement to its prior Offer to Purchase, dated February 4, 1997.
