[April 25, 2013] Viola Group agrees to acquire 20% of RRsat's shares Tweet Apr 25, 2013 (TELECOMWORLDWIRE via COMTEX) -- RRsat Global Communications Network Ltd.(NASDAQ: RRST) reported that Viola Group has entered into agreements with two of RRsat's principal shareholders to acquire approximately 20% of RRsat's outstanding shares for a price per share of approximately USD8.0. On April 4, 2013, Viola Group entered into a series of agreements to acquire approximately 13% of RRsat's shares from Kardan Communications Ltd. and approximately 7% of RRsat's shares from David Rivel, RRsat's founder, director and former chief executive officer. Following the consummation of the transactions, Kardan will continue to own approximately 11% of RRsat's shares and David Rivel will continue to own approximately 5% of RRsat's shares. RRsat is not a party to the agreements and is not issuing Viola Group any new shares in the transactions. In connection with the transactions, Viola Group has also entered into shareholders agreements with each of Kardan, David Rivel and Del-Ta Engineering Equipment Ltd., the holder of approximately 39% of RRsat's shares. RRsat Global Communications Network provides global, end-to-end, digital content management and distribution services to the rapidly expanding television and radio broadcasting industries, covering more than 150 countries. Visit the company's website http://www.rrsat.com. Comments on this story may be sent to [email protected] [ Back To TMCnet.com's Homepage ]