Shibboleth

Cymulate Bolsters Leadership Team: Appoints New Chief Marketing Officer, Chief of Staff and General Counsel

Retrieved on: 
Tuesday, January 30, 2024

These new appointments introduce Margo Kahnrose as Cymulate’s Chief Marketing Officer (CMO) and Katia Levitin as Chief of Staff.

Key Points: 
  • These new appointments introduce Margo Kahnrose as Cymulate’s Chief Marketing Officer (CMO) and Katia Levitin as Chief of Staff.
  • Eynat Grunewald, the Company’s General Counsel, has also been elevated to Cymulate’s management team.
  • Prior to Cymulate, she served as CMO at Skai, an omnichannel marketing platform, and has previously held leadership positions at Kenshoo and SpotHero.
  • Prior to joining Cymulate, Levitin served as Chief of Staff for Voyager Labs and AvaTrade.

Stratasys to Combine with Desktop Metal in Approximately $1.8 Billion All-Stock Transaction

Retrieved on: 
Thursday, May 25, 2023

Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) and Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion.

Key Points: 
  • Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) and Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion.
  • Also in connection with the transaction, the Desktop Metal board intends to adopt a limited duration shareholder rights plan (the “Desktop Metal Rights Plan”).
  • The Desktop Metal Rights Plan will be designed to assist the Desktop Metal board in maximizing shareholder value in connection with the transaction.
  • Stratasys and Desktop Metal have also launched a website, www.NextGenerationAM.com , where the presentation and other materials related to the transaction are available.

Stratasys to Combine with Desktop Metal in Approximately $1.8 Billion All-Stock Transaction

Retrieved on: 
Thursday, May 25, 2023

Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) and Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion.

Key Points: 
  • Stratasys Ltd. (Nasdaq: SSYS) (“Stratasys”) and Desktop Metal, Inc. (NYSE: DM) (“Desktop Metal”) today announced that they have entered into a definitive agreement whereby the companies will combine in an all-stock transaction valued at approximately $1.8 billion.
  • Also in connection with the transaction, the Desktop Metal board intends to adopt a limited duration shareholder rights plan (the “Desktop Metal Rights Plan”).
  • The Desktop Metal Rights Plan will be designed to assist the Desktop Metal board in maximizing shareholder value in connection with the transaction.
  • Stratasys and Desktop Metal have also launched a website, www.NextGenerationAM.com , where the presentation and other materials related to the transaction are available.

Ceragon Shareholders Overwhelmingly Reject Aviat's Attempt to Take Control of the Company by Voting AGAINST ALL of Aviat's Proposals at the 2022 Extraordinary General Meeting

Retrieved on: 
Tuesday, August 23, 2022

ROSH HA'AYIN, Israel, Aug. 23, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) (the "Company", "Ceragon", "we", "us", or "our"), a global innovator and leading solutions provider of 5G wireless transport, today announced that shareholders have overwhelmingly rejected ALL proposals set forth by Aviat Networks, Inc. (NASDAQ: AVNW) at the Company's 2022 Extraordinary General Meeting ("EGM").

Key Points: 
  • Ceragon issued the following statement:
    We appreciate the significant support that our Board received from our shareholders.
  • We are pleased that our shareholders rejected Aviat's attempts to take control of our Board.
  • We believe Ceragon has significant business momentum and upside, and we look forward to putting this proxy contest behind us.
  • Today's outcome reinforces that Ceragon shareholders recognize that Aviat's indication of interest significantly undervalues Ceragon and that Aviat's attempts to take control of the Ceragon Board are not in the best interest of Ceragon shareholders.

Independent Proxy Advisor Egan-Jones Joins ISS in Recommending Shareholders Vote "AGAINST" All Aviat Director Nominees

Retrieved on: 
Friday, August 19, 2022

ROSH HA'AIN, Israel, Aug. 19, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) (the "Company", "Ceragon", "we", "us", or "our"), issued the following statement with reference to a report issued by Egan-Jones Proxy Services ("Egan-Jones") in connection with the Extraordinary General Meeting (EGM) scheduled to be held on August 23, 2022.

Key Points: 
  • Two out of the three proxy advisory firms raised significant concerns regarding Aviat's low-ball, highly conditional indication of interest and recommended that shareholders vote AGAINST all of Aviat's nominees.
  • The Ceragon Board and leadership team are focused on doing what is right for Ceragon, our shareholders and our customers.
  • Ceragon urges shareholders to vote "AGAINST" all proposals on the WHITE proxy card to prevent Aviat's attempt to take control of the Ceragon Board.
  • Shareholders are urged to discard any GOLD proxy materials and only to vote AGAINST all proposals using the WHITE proxy card.

Ceragon Urges Shareholders to Vote AGAINST Aviat's Attempt to Take Control of the Board on the WHITE Proxy Card TODAY

Retrieved on: 
Thursday, August 18, 2022

ROSH HA'AIN, Israel, Aug. 18, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), a global innovator and leading solutions provider of 5G wireless transport, today issued the following statement as a reminder to shareholders regarding the importance of their vote at the Company's Extraordinary General Meeting (the "EGM") scheduled to be held next week, on August 23, 2022. Ceragon also reminds shareholders to make sure to vote in sufficient time for their proxies to be received, no later than 4:00 pm Israel time on August 22, 2022.

Key Points: 
  • Ceragon's EGM is fast approaching and it is important that all shareholders vote as soon as possible "AGAINST" all proposals on the WHITE proxy card.
  • Aviat's indication of interest and hostile campaign are an attempt to deprive Ceragon shareholders from the upside in the business.
  • We urge Ceragon's shareholders to protect their investment by voting "AGAINST" all proposals on the WHITE proxy card to prevent Aviat's attempt to take control of the Board.
  • CERAGON SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AS THEY CONTAIN IMPORTANT INFORMATION.

Leading Independent Proxy Advisor ISS Recommends Vote AGAINST All Aviat Director Nominees

Retrieved on: 
Wednesday, August 10, 2022

ROSH HA'AIN, Israel, Aug. 10, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) (the "Company", "Ceragon", "we", "us", or "our"), issued the following statement with reference to a report issued by Institutional Shareholder Services Inc. ("ISS") in connection with Extraordinary General Meeting (EGM) scheduled to be held on August 23, 2022.

Key Points: 
  • We are pleased that ISS recommends that shareholders vote AGAINST all of Aviat's nominees and echoes Ceragon's concerns regarding valuation and certainty.
  • We agree with ISS' recommendation to vote AGAINST all of Aviat's nominees.
  • Ceragon urges shareholders to vote "AGAINST" all proposals on the WHITE proxy card to prevent Aviat's attempt to take control of the Ceragon Board.
  • Shareholders are urged to discard any GOLD proxy materials and only to vote AGAINST using the WHITE proxy card.

Ceragon Confirms Receipt of Revised Non-binding Indication of Interest from Aviat Networks

Retrieved on: 
Wednesday, August 3, 2022

ROSH HA'AIN, Israel, Aug. 3, 2022 /PRNewswire/ --  Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), the global innovator and leading solutions provider of 5G wireless transport, today confirmed that it has received a revised non-binding indication of interest from Aviat Networks, Inc. ("Aviat") to acquire all of the outstanding shares of Ceragon for $3.08 per share, consisting of $2.80 in cash and $0.28 in equity consideration of Aviat common stock (the "Revised IOI"), subject to certain conditions.

Key Points: 
  • Evercore is serving as financial advisor and Shibolet & Co. and Latham & Watkins LLP are serving as legal advisors to Ceragon.
  • Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and leading solutions provider of 5G wireless transport.
  • For more information please visit: www.ceragon.com
    Ceragon Networks and FibeAir are registered trademarks of Ceragon Networks Ltd. in the United States and other countries.
  • CERAGON is a trademark of Ceragon Networks Ltd., registered in various countries.

Ceragon Sets the Record Straight on Engagement with Aviat Networks

Retrieved on: 
Monday, July 25, 2022

ROSH HA'AIN, Israel, July 25, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) (the "Company", "Ceragon", "we", "us", or "our") today sent a letter to the Board of Directors of Aviat Networks, Inc. (NASDAQ: AVNW) in response to Aviat's recent misleading claims about its indication of interest to acquire Ceragon.

Key Points: 
  • Specifically, the Aviat management team committed to send Ceragon a diligence request list outlining its key diligence needs.
  • Six days later, rather than continuing good-faith discussions, as we expected, and without warning, Aviat announced a hostile offer to acquire Ceragon and take control of the Ceragon Board.
  • For more information please visit: www.ceragon.com
    Ceragon Networks and FibeAir are registered trademarks of Ceragon Networks Ltd. in the United States and other countries.
  • CERAGON is a trademark of Ceragon Networks Ltd., registered in various countries.

Holisto, a Technology-Based Online Travel Booking Platform, to Become Publicly Traded Via Business Combination with Moringa Acquisition Corp

Retrieved on: 
Monday, June 13, 2022

The business combination provides for Holisto Ltd.s expected pro forma equity value to be approximately $405 million.

Key Points: 
  • The business combination provides for Holisto Ltd.s expected pro forma equity value to be approximately $405 million.
  • Holisto is a technology-based online travel booking platform that is disrupting the market by harnessing the power of advanced AI to make travel more affordable and personalized for consumers.
  • Holistos founders were inspired by the opportunity to disrupt the large, fragmented and complex travel booking market.
  • Holisto is a tech-powered online travel agency, aiming to make hotel booking affordable and personalized for consumers.