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.
Axerra, a provider of circuit emulation and service emulation solutions over packet access networks, was acquired in October 2010 by DragonWave (listed on Nasdaq and TSX), a leading provider of high-capacity packet microwave solutions that drive next-generation IP networks.
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.
