12.09.2006 |
Another Major Acquisition Transaction - Yoram L. Cohen, Ashlagi, Eshel represents Crow Technologies in an investment
Adv. Yoram L. Cohen and Adv. Dana Livneh-Zemer, represented Crow Technologies Ltd., a worldwide leading designer and manufacturer of electronic intrusion alarm systems and detection devices, traded on the OTCBB ...
Adv. Yoram L. Cohen and Adv. Dana Livneh-Zemer, represented Crow Technologies Ltd., a worldwide leading designer and manufacturer of electronic intrusion alarm systems and detection devices, traded on the OTCBB (CRWTF.OB), in an investment transaction by Fortissimo Capital Fund. Pursuant to the transaction, Fortissimo will: (i) invest approximately $4.7 million in the Company in exchange for newly issued Ordinary Shares; and (ii) acquire Ordinary Shares from certain existing shareholders of the Company for consideration of approximately $4.1 million. Subsequent to the closing of the contemplated transaction, Fortissimo will own approximately 23.5% of the Company.
