Meitar represented Oracle, a global computer technology corporation and provider of cloud applications, platform services and engineered systems, in the acquisition of Israeli Ravello Systems, developer of a platform to virtualize the public cloud.
Meitar represented Taro Pharmaceutical Industries Ltd., an Israeli pharmaceutical company that is traded on the New York Stock Exchange, in a lawsuit by minority shareholders (two US-based funds).
The lawsuit sought to invalidate certain resolutions adopted by Taro’s general meeting of shareholders, related to the appointment of external directors, approval of compensation terms of directors, and approval of the company’s compensation policy.
The District Court adopted Taro’s position and denied the claim, setting a precedent with regard to the manner of voting by shareholders of Israeli companies that are listed solely in the US. The Court held that there is no duty of identification by shareholders as a condition for counting their votes on resolutions requiring a disinterested majority, that the Company is not responsible for supervising the accuracy of a shareholders’ declaration that he does not have a personal interest in a matter (except when it knows or should know that such declaration is false), and adopted rules with respect to the manner in which such companies should prepare their voting forms.
Meitar represented RR Media Ltd, an Israeli company traded on NASDAQ, in its acquisition by SES S.A., a Luxembourg company traded on the Euronext Paris and the Luxembourg Stock Exchange, for $242 million.
Meitar represented Team8 Partners L.P, a venture capital fund specializing in the formation and facilitation of cyber security companies, in its investment round by AT&T, Mitsui, Temasek, Accenture and others.
Meitar represented Altair Semiconductor, provider of single-mode 4G LTE solutions, in its acquisition by Japanese electronics giant Sony for $212 million. This is the largest acquisition in the “Internet of Things” sector ever completed in Israel, and Sony’s first acquisition in Israel.
Meitar represented DVTEL Inc., a global leader in enterprise-class security and surveillance solutions in its $92 million acquisition by FLIR Systems Inc, a world leader in design, manufacture and marketing of sensor systems.
Representation of Mylan N.V. in its $30 billion unsolicited offer to acquire all of the issued share capital of Perrigo Company Plc., an Irish company listed on the NYSE and Tel Aviv Stock Exchange (TASE), in what became the largest hostile takeover offer in history to go to completion. Meitar represented against the backdrop of Perrigo’s transnational defense tactics, our Corporate, Securities and Litigation Groups successfully defended Mylan against Perrigo’s attempt to enjoin the offer from going forward in Israel, and brought about Mylan’s ultimate exemption by the Israeli Securities Authority from publishing an Israeli Prospectus in connection with its offer. We also made new Israeli law regarding the ability of foreign corporations with antitakeover defenses to dual-list their shares on the TASE.
