From the news

Recent transaction and litigation

Publications

November / 2009

Representation of Emblaze in its sale of Formula Systems to Asseco for $140 million

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.

November / 2009

Sun Pharmaceuticals

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.

November / 2009

Representation of Altice Group in its acquisition of Israeli cellular operator Mirs from Motorola Inc.

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.