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Steven J. Glusband

Steven J. Glusband



Illustrative Matters

Client

Description

SPDR® Gold Trust

Represented the SPDR® Gold Trust in connection with its initial public offering and the transfer of its stock listing from the New York Stock Exchange to the NYSE Arca electronic trading platform and in listings in Hong Kong and Tokyo. Represented the Trust in registering over 700 million shares for issuance. At December 31, 2010, the Trust had grown to over $58 billion in assets, continuing its great success since debuting in 2004 as the first exchange traded fund to track a commodity.

Government Companies Authority of the State of Israel

Represented the Government Companies Authority of the State of Israel in connection with the Rule 144A tranche of the initial public offering of the ordinary shares of Oil Refineries Ltd. The offering raised approximately $1.54 billion, making it the largest IPO on the Tel Aviv Stock Exchange, as well as the largest privatization in the history of the State of Israel.

B Communications Ltd.

Represented B Communications Ltd. (NASDAQ: BCOM) in connection with its acquisition of a controlling interest in Bezeq - The Israel Telecommunication Corp., Israel’s largest telecommunications provider in a cash transaction valued at approximately $1.8 billion.

Assisted B Communications Ltd. in connection with the sale of its legacy telecom business to Ampal-American Israel Corporation (NASDAQ: AMPL) for NIS 1.2 billion ($324 million).

Starlims Ltd.

Served as counsel to STARLIMS Technologies Ltd. (NASDAQ: LIMS), a leading provider of laboratory information management systems, in connection with its sale to Abbott (NYSE: ABT) for approximately $123 million in cash.

EZchip Semiconductor Ltd.

Advised EZchip Semiconductor Ltd. (NASDAQ: EZCH), a provider of network processors, in connection with an underwritten public offering of its shares and shares of selling shareholders, resulting in aggregate gross proceeds of approximately $46.6 million. 

Represented EZchip Semiconductor Ltd. (NASDAQ: EZCH) in connection with an exchange offer with current and former employees of its majority-owned subsidiary, EZchip Technologies Ltd., a provider of high-speed network processors, increasing its ownership interest from approximately 99% to 100% on an outstanding basis.

 
 

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