Overview
- The review began after a preliminary, non‑binding offer from CEO Eli Glickman and Rami Ungar to acquire all outstanding ordinary shares.
- Evercore was retained as financial advisor, with Meitar Law Offices and Skadden, Arps, Slate, Meagher & Flom engaged as legal counsel.
- The board is evaluating a possible sale of the company alongside capital allocation and shareholder return options.
- Directors said they have received indications of interest from multiple parties, including strategic buyers, which are under evaluation.
- Two independent directors, Yair Avidan and Dr. Yoram Turbowicz, joined the board, and shares rose about 13.6% Tuesday to close at $19.51.