Vinson & Elkins Advises Aviat Networks in Two Matters
Vinson & Elkins is advising Aviat Networks, Inc. (“Aviat”), the leading expert in wireless transport solutions, in connection with its request for an extraordinary general meeting of Ceragon Networks Ltd. (“Ceragon”) shareholders for the purposes of increasing the size of the Ceragon Board of Directors to nine, removing three current directors, and electing five highly qualified and independent new directors to better represent the interests of all Ceragon shareholders.
V&E is also advising Aviat Networks, Inc. in connection with a nonbinding proposal to acquire all the outstanding shares of Ceragon Networks Ltd. that it does not already own for $2.80 per share in cash. Aviat holds more than 5% of Ceragon’s outstanding shares as of June 24, 2022, making it Ceragon’s third largest shareholder.
The V&E corporate team was led by partners Steve Gill, Michael Gibson and Katherine Frank with assistance from senior associate Stancell Haigwood and associates Joseph Steuert and Tessa Krieger-Carlisle. The shareholder activism team was led by partners Lawrence Elbaum and Patrick Gadson, with assistance from senior associate Desi Baca. Partner Hill Wellford provided antitrust advice.
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