Meitar represented Answers.com, (NASDAQ: ANSW), creators of the leading answer engine Answers.com®, in its acquisition by AFCV Holdings, LLC, a portfolio company of growth equity investor Summit Partners for approximately $127 million in cash or $10.50 per share.
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.
Sapiens, looking to expand its line of products and broaden its presence in North America, acquired Harcase Software and entered into long term agreements with its three shareholders.
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.
