Antitrust Authority Approval for the NetVision-Barak-Globecall Merger.TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel -- Elron Electronic Industries Ltd. (TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) & NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ELRN), today announced further to its announcements on May 1, 2006, July 30, 2006 and September 9, 2006 regarding the merger between NetVision Ltd. ("NetVision") (TASE:NTSN), 38% held by Elron, and Barak I.T.C. (1995) International Telecommunications Services Corp. Ltd. ("Barak"), and the merger between NetVision and GlobeCall Communications Ltd. ("GlobeCall"), that NetVision has announced that on October 24, 2006 approval for the NetVision-Barak-Globecall Merger was received from the Antitrust Authority. The approval was received without any limiting conditions. The transactions remain subject to obtaining other approvals. There is no assurance that the transactions will be consummated. Elron Electronic Industries Ltd. (TASE & NASDAQ: ELRN), a member of the IDB (ITS Data Bus) An interface between devices in an automobile endorsed by the Society of Automotive Engineers (SAE). Designed to fulfill the goal of Intelligent Transportation Systems (ITS), the ITS Data Bus enables engine diagnostic equipment, GPS navigation systems, Holding group, is a leading Israel-based technology holding company directly involved in the long-term performance of its group companies. Elron identifies potential technologies, creates strategic partnerships, secures financing, and recruits highly qualified management teams. Elron's group companies currently comprise a diverse range of publicly-traded and privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. primarily in the fields of medical devices, information & communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry , clean technology and semiconductors. For further information, please visit www.elron.com (Any statements in this press release that may be considered forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Actual results may differ from such forward-looking statements due to the risk factors discussed in periodic reports filed by the Company with the Securities and Exchange Commission, which the Company urges investors to consider.) |
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