AGREEMENT AND PLAN OF MERGERMerger Agreement • March 29th, 1999 • Servicemaster Co • Services-management services • Delaware
March 29, 1999 Dear Fellow Stockholders: On March 22, 1999, American Residential Services, Inc. ("ARS") entered into an Agreement and Plan of Merger (the "Agreement") with The ServiceMaster Company ("ServiceMaster") and a wholly-owned subsidiary of...Merger Agreement • March 29th, 1999 • Servicemaster Co • Services-management services
March 29, 1999 Dear Fellow Stockholders: On March 22, 1999, American Residential Services, Inc. ("ARS") entered into an Agreement and Plan of Merger (the "Agreement") with The ServiceMaster Company ("ServiceMaster") and a wholly-owned subsidiary of ServiceMaster that provides for the acquisition of ARS for a price of $5.75 per share in cash. Under the terms of the proposed transaction, ServiceMaster's subsidiary has commenced a cash tender offer (the "Tender Offer") for all outstanding shares of ARS Common Stock, par value $.001 per share, including the associated Preferred Stock Purchase Rights (the "Rights") (collectively, the "ARS Shares"). The Tender Offer is currently scheduled to expire at 11:59 p.m., New York City time, on April 26, 1999. Completion of the Tender Offer is conditioned, among other things, upon the tender of at least 52 percent of the outstanding ARS Shares on the date Shares are accepted for payment. Following successful completion of the Tender Offer, all ARS Sh
