AGREEMENT AND PLAN OF MERGER Dated as of December 23, 2010 among NEEDLE HOLDINGS INC., NEEDLE MERGER SUB CORP. and JO-ANN STORES, INC.Merger Agreement • December 23rd, 2010 • Jo-Ann Stores Inc • Retail-miscellaneous shopping goods stores • Delaware
This AGREEMENT AND PLAN OF MERGER, dated as of December 23, 2010 (this “Agreement”), is by and among Needle Holdings Inc., a Delaware corporation (“Parent”), Needle Merger Sub Corp., an Ohio corporation and a wholly owned Subsidiary of Parent (“Merger Sub”), and Jo-Ann Stores, Inc., an Ohio corporation (the “Company”). Certain capitalized terms used in this Agreement are used as defined in Section 8.12.
