Amendment to Agreement and Plan of Merger Among Global Crossing Limited, GC Crystal Acquisition, Inc., and IMPSAT Fiber Networks, Inc. (February 22, 2007)

Contract Categories: Mergers & Acquisitions › Merger Agreements
Summary

This amendment updates the original merger agreement between IMPSAT Fiber Networks, Inc., Global Crossing Limited, and GC Crystal Acquisition, Inc. The main changes are extensions of certain deadlines in the agreement, moving them from February and March 2007 to March and April 2007. All other terms of the original merger agreement remain unchanged. The amendment is signed by authorized representatives of all three companies.

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EX-2.1 2 rrd148516_18654.htm AMENDMENT TO AGREEMENT AND PLAN OF MERGER, DATED AS OF FEBRUARY 22, 2007, AMONG IMPSAT FIBER NETWORKS, INC., GLOBAL CROSSING LIMITED AND GC CRYSTAL ACQUISITION, INC. AMENDMENT TO

EXHIBIT 2.1

AMENDMENT TO

AGREEMENT AND PLAN OF MERGER

Among

GLOBAL CROSSING LIMITED,

GC CRYSTAL ACQUISITION, INC.

and

IMPSAT FIBER NETWORKS, INC.

Dated as of February 22, 2007

 

WHEREAS, IMPSAT Fiber Networks, Inc., a Delaware corporation, Global Crossing Limited, a Bermuda corporation and GC Crystal Acquisition, Inc., a Delaware corporation, entered into an Agreement and Plan of Merger, dated as of October 25, 2006, (the "Merger Agreement").

WHEREAS, pursuant to Section 9.8 of the Merger Agreement, the parties desire to amend the Merger Agreement on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual agreements herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree to amend the Merger Agreement as follows:

  1. Section 7.1(b) of the Merger Agreement is hereby amended by replacing the words "February 22, 2007" with "March 15, 2007."
  2. Section 7.1(b)(1)(i) of the Merger Agreement is hereby amended by replacing the words "March 26, 2007" with "April 16, 2007."
  3. Section 7.1(b)(2)(i) of the Merger Agreement is hereby amended by replacing the words "March 26, 2007" with "April 16, 2007."
  4. Except as expressly modified herein, the Merger Agreement remains in full force and effect.

 

IN WITNESS WHEREOF, the parties have duly executed this amendment to the Merger Agreement as of the date first above written.

 

IMPSAT Fiber Networks, Inc.

By:_Hector R. Alonso______________

Name: Hector R. Alonso

Title: Chief Financial Officer

Global Crossing Limited

By:_Mitchell Sussis________________

Name: Mitchell Sussis

Title: Senior Vice President

GC Crystal Acquisition, Inc.

By:_Mitchell Sussis________________

Name: Mitchell Sussis

Title: Vice President