EXHIBIT 2.02
SECOND AMENDMENT TO
AGREEMENT AND PLAN OF MERGER
THIS SECOND AMENDMENT TO AGREEMENT AND PLAN OF MERGER (this
"Second Amendment") is dated as of July 29, 1999 among Adelphia Communications
Corporation, a Delaware corporation ("Parent"), Adelphia Acquisition Subsidiary,
Inc., a Delaware corporation and a direct, wholly-owned subsidiary of Parent
("Merger Sub"), and Century Communications Corp., a New Jersey corporation (the
"Company").
RECITALS
A. Parent, Merger Sub and the Company are parties to an
Agreement and Plan of Merger dated as of March 5, 1999, as amended by the First
Amendment to Agreement and Plan of Merger dated as of July 12, 1999 (the "Merger
Agreement"), pursuant to which the Company will merge with and into Merger Sub
with Merger Sub as the surviving corporation, all upon the terms and subject to
the conditions set forth in the Merger Agreement.
B. In accordance with Section 10.03 of the Merger Agreement,
the parties desire to enter into this Second Amendment to amend the Merger
Agreement as provided herein.
C. Capitalized terms used in this Second Amendment and not
defined herein shall have the meanings given to such terms in the Merger
Agreement.
In consideration of the premises and the respective covenants
and agreements set forth herein, the parties agree as follows.
SECTION 1. Amendment. Section 7.10 of the Merger Agreement
is hereby by amended by deleting, at the end of the first sentence, the words
"the Merger Consideration, without interest" and substituting therefor the
following:
(x) with respect to each share of Class A Company Common Stock
held by Dissenting Shareholders, $9.16426528 in cash and
0.61222732 shares of Parent Common Stock, without interest,
and (y) with respect to each share of Class B Company Common
Stock held by Dissenting Shareholders, $11.81417001 in cash
and 0.63595483 shares of Parent Common Stock, without interest
(it being understood that nothing herein shall be interpreted
to give the Class B Shareholders the right to become
Dissenting Shareholders without violating the Class B Voting
Agreement).
SECTION 2. Effect of Second Amendment. Except as expressly
provided in this Second Amendment, all terms and conditions of the Merger
Agreement shall remain in full force and effect without modification.
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IN WITNESS WHEREOF, each of the parties has caused this
Agreement to be duly executed by its respective authorized officer as of the day
and year first above written.
ADELPHIA COMMUNICATIONS CORPORATION
By: /s/ Xxxxxxx X. Xxxxx
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
ADELPHIA ACQUISITION SUBSIDIARY, INC.
By: /s/ Xxxxxxx X. Xxxxx
Name: Xxxxxxx X. Xxxxx
Title: Executive Vice President
CENTURY COMMUNICATIONS CORP.
By: /s/ Xxxxx X. Xxxxxxxxx
Name: Xxxxx X. Xxxxxxxxx
Title: Chief Financial Officer
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