NDS shareholders are set to vote on the deal on Jan. 13, 2009. Article continues after advertisements In August, NDS accepted a cash bid of $63 per share from News Corp. and funds advised by Permira Advisers LLP. At the time News Corp., owned a roughly 72 percent stake in NDS, which makes technology for pay TV services. When the transaction is completed, News Corp. will have a 49 percent interest in NDS and the Permira funds will have an interest of 51 percent. The acquisition is targeted to close in early February. NDS has more than 1,000 employees in Israel, mostly at its R&D and support center at Har Hotzvim in northern Jerusalem, although 100 employees were laid off several weeks ago in the wake of the global economic crisis. Nasdaq listed shares of NDS Group added $1.77 to $50.13 in trading yesterday. To see more of the Globes or to subscribe to the newspaper, go to http://www.globes-online.com. Copyright (c) 2008, Globes, Tel Aviv, Israel Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA. For full details for NNDS click here.
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