FBC represented Perrigo Company plc (“Perrigo”), a Dublin-based over-the-counter drug manufacturer traded on the New York Stock Exchange and the Tel Aviv Stock Exchange (“TASE”), as part of a global representation throughout the US, Ireland, the Netherlands and Israel, in Perrigo’s rejection of Mylan N.V.’s (“Mylan”) hostile takeover attempt, which ended with over 60% of […]
Background Following intensive media scrutiny over senior executive salaries and the numerous legislative proposals relating to the issue, on November 5, 2012, the Knesset approved Amendment 20 to the Companies Law-1999 (the “Amendment”), addressing the compensation and salary approval process for senior executives in public companies and private companies with publicly traded debt (each a […]
A recent amendment (Amendment no. 16) to the Israeli Companies Law is expected to affect dealmakers’ choice of the legal technique used for acquiring Israeli public companies (both those listed on the Tel Aviv Stock Exchange and those traded overseas). The Amendment states that an acquiror may stipulate in tender offer documents that shareholders who […]
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