DoJ green lights VeriFone takeover of Lipman
VeriFone Holdings, Inc. (NYSE: PAY) and Lipman Electronic Engineering Ltd. (NASDAQ: LPMA; TASE: LPMA) today announced they have received clearance from the United States Department of Justice (DOJ) to complete VeriFone's pending acquisition of Lipman.
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Shareholder meetings for each company are scheduled for mid–September and, if each group of shareholders approves the transaction, the parties expect to close on November 1 following the expiration of a 30-day waiting period required by Israeli law after the Lipman shareholders' meeting.