Intel’s Project Exit Reshapes Business Deals
Categories: Corporate and M&A
Aaron Shapira has sold his stake in Rimon Consulting and Management Services Ltd., a Tel Aviv Stock Exchange-listed company, back to the firm. Avi Cohen, the remaining shareholder, will continue his partnership.
The transaction unfolded in a challenging environment following Intel’s cancellation of a major project with Teva Tash, significantly affecting the expected exit valuation and financial outlook.
This development underscores shifting business strategies in the tech and corporate sectors. Legal representation included Lustigman Lefler for Shapira, led by Oren Lustigman, Gal Turgeman, and Michal Levy; Lipa Meir for Rimon Consulting, represented by Gary Copelovitz, Dr. Yariv Ilan, and Natalie Shva; and Meitar for Avi Cohen.
