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.
Adv. Nadav Weisman, Adv. Or Baron Gil and Adv. Adam Shapira successfully represented former directors of the National Workers Union’s Pension Fund which were sued in a 190 million NIS class action, for the alleged breach of their duty of care and duty of loyalty. In its judgment, Judge Yehuda Farago of the Tel Aviv District Court, dismissed the claim and held that there was no defect in the conduct of the directors. The Judge further held that the fund was actuarially balanced, unlike other funds which suffered massive deficits and needed the assistance of the Ministry of Finance.
Meitar represented Viola Group, Hans Wagner and Sariel Engel in a $24M investment in VATBox, a SaaS provider of automated VAT recovery and governance solutions.
Meitar represented CyberArk in its acquisition of Cybertinel Ltd., Israel-based cyber Security Company.
Shanghai Jiuchuan, a privately held investment company with diversified holdings, including ownership of more than 3,000 hospitals in China, acquired SHL Telemedicine for approximately $130 Million. SHL develops personal telemedicine systems and medical call center services, with a focus on cardiovascular and related diseases, for end users and the healthcare community.
Meitar represented Lumenis, a global leader in the field of minimally-invasive clinical solutions for the surgical, ophthalmology and aesthetic markets, in its acquisition by XIO Group, a Chinese private equity fund, for approximately $510 million.
