Congratulations to our client, defense technology provider Leonardo DRS, Inc., a subsidiary of the Italian defense conglomerate Leonardo, on signing an agreement to acquire RADA Electronic Industries, a leading Israeli provider of small-form tactical radars.

Upon closing, RADA’s shareholders will receive 19.5% of the share capital of the combined company, giving it an implied value of over US $3.5 billion and Leonardo DRS will become dual listed on Nasdaq and the Tel Aviv Stock Exchange.

Our team is being led by the co-heads of the Corporate & Securities Department, Ran Hai and Nir Dash, together with partner Michal Herzfeld, associate Dvir Uziel and intern Maya Mazaltov. Other team members include Daniel Reisner, Raanan Sagi and Daniel Rosenblatt (export control), Dr. Yuval Navot, Dr. Ehab Farah and Ronen Avner (tax), Shachar Porat (executive compensation), Michal Gladstein (securities), Orly Katzir and Yael Mualem Shuster (labor), Karen Elburg and Nadav Lev (IP), Ofer Granot and Dor Furer (governmental benefits), Iris Achmon (antitrust), Olga Pery and Tomer Asulin (privacy), Ruly Ber and Tom Borenstein (regulatory) and Yali Gutman (real estate).