In March 2010, MX Telecom was acquired by Amdocs, an NYSE traded company which is a leading global provider of billing solutions. MX Telecom is a global aggregator providing connectivity and infrastructure, and facilitating payment and digital content delivery, to enable businesses to take advantage of mobile technology.
Emblaze, is an LSE traded Israeli company that operates in the mobile technology market and that held a controlling stake in Formula Systems, an Israeli public company that controls a number of public companies traded on NASDAQ and the TASE that provide various IT solutions. Asseco is a Polish company traded on the Warsaw stock exchange that operates various IT solutions companies in Eastern Europe.
Meitar’s litigation group successfully represented the India-based Sun Pharmaceuticals (NSE: SUNPHARMA; BSE: 524715) in its legal proceedings against Israel-based Taro Pharmaceutical Industries (PINK: TAROF). The Supreme Court accepted Sun’s argument that under Israel’s Companies Law Sun is exempt from commencing a special tender offer in order to gain control over Taro.
As part of its strategic move into the Israeli telecom market, Altice, a Luxembourg-based private equity firm that controls HOT, Israel’s cable television operator, acquired in May 2010 Mirs Telecommunications from Motorola.
Meitar represented the investors in Wintegra, Inc., a leading provider of highly integrated network processors for mobile backhaul equipment, in its acquisition by PMC-Sierra, Inc. (NASDAQ:PMCS), an internet infrastructure semiconductor solution provider.
VocalTec, an Israeli public company traded on NASDAQ is considered the inventor of VoIP. VocalTec merged in July 2010 with YMax Corporation, a US privately held company.
Meitar represented Attenti Holdings SA and its shareholders (led by private equity fund Francisco Partners) in a transaction in which 3M purchased Attenti’s shares for $230 million. Attenti, which before its acquisition by Francisco Partners in early 2009 was a public company traded in London, is a private company, engaging in the research, development, sale and maintenance of electronic people-monitoring technologies.
