Meitar represented Amdocs in a transaction for the realignment of its strategy in China, pursuant to which Amdocs sold 81% of its holdings in Longshine, its Chinese subsidiary, for approximately $27 million.
F.T.T. Investments of the Fishman Group held a 30% interest in Elettra (a provider of a range of marine activities, including survey, installation and maintenance of submarine systems) with the remaining interests being held by Telecom Italia. In September 2010, Elettra was sold for Euro 62 million.
Meitar represented Red Bend, an Israeli venture-backed private company, in its acquisition of VirtualLogix Inc., a Delaware corporation, in consideration for newly issued Red Bend shares.
Meitar represented NICE Systems, in its acquisition of e-Glue Software Technologies, Inc. for approximately $29 million. NICE is an Israeli company whose shares are listed for trading on the NASDAQ and the Tel Aviv Stock Exchange, and a leading global provider of internet-based solutions that enable enterprises and security organizations to extract insight from interactions, transactions and surveillance.
Meitar represented International Three Crown Petroleum and Israel Petroleum Company, private oil and gas exploration and exploitation companies, before the Supreme Court and the newly-established Economic Division of the Tel-Aviv District Court (in its first decision ever). Both courts accepted Meitar’s arguments and rejected the motion of Bontan Corporation (OTC: BNTNF) for a temporary injection aimed to prevent a transaction with an Israeli public shell company.
TEOCO, a Delaware private company that provides software solutions to telecom operators acquired TTI, an Israeli public company traded on NASDAQ, through a reverse triangular merger effected under Israeli law.
Meitar represented Amdocs in its acquisition of French based company Streamezzo SA for $41 million. The transaction was accomplished by way of a purchase of shares from Streamezzo’s shareholders and applying a forced-sale mechanism (bring along).
