Retalix Ltd. Announces Shareholder Approval of Acquisition of Retalix by NCR Corporation
January 07 2013 - 6:05AM
Retalix Ltd. (Nasdaq:RTLX), a leading global provider of software
and services to high volume, high complexity retailers, announced
today that at a Special General Meeting of Shareholders held today,
its shareholders approved the previously announced acquisition of
Retalix by NCR Corporation.
The transaction is subject to regulatory
approval and certain other closing conditions. In addition, under
Israeli law, at least 30 days must elapse after the approval of the
acquisition by the shareholders of Retalix before the acquisition
may become effective. Retalix and NCR expect to complete the
transaction during the first fiscal quarter of 2013.
About Retalix
Retalix Ltd. is a leading global provider
of innovative software and services to high volume, high complexity
retailers, including general merchants, supermarkets, convenience
stores, fuel stations, drugstores and department stores. The
company's products and services help its customers to manage and
optimize their retail operations, differentiate their brand and
build consumer loyalty, while providing retailers with the
flexibility and scalability to support ongoing business
transformation and growth. Retalix Ltd. offers solutions for
point-of-sale (POS), sales channels and in-store management
(including mobile and e-commerce), customer management and
marketing, merchandising, and logistics. By leveraging a multitude
of deployment options, including Software-As-A-Service (SaaS),
Retalix Ltd. serves a large customer base of approximately 70,000
stores across more than 50 countries worldwide. The Company's
headquarters are located in Ra'anana, Israel, and its North America
headquarters are located in Plano, Texas. Retalix Ltd. stock trades
on NASDAQ and the Tel Aviv Stock Exchange.
The Retalix Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5937
SAFE HARBOR FOR FORWARD-LOOKING
STATEMENTS
Except for statements of historical fact,
the information presented herein constitutes forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 and other U.S. federal securities laws. For
example, statements regarding the potential acquisition of Retalix
by NCR and the estimated date of completion thereof constitute
forward-looking statements. The forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may
cause the actual results, performance or achievements of Retalix,
including revenues, income and expenses, and the actual
consideration payable pursuant to the acquisition (if any), to be
materially different from expected future results, performance or
achievements, or from the expected acquisition consideration,
respectively, or from other guidance or outlooks expressed or
implied by such forward-looking statements. Such factors include
risks relating to Retalix's anticipated future financial
performance and growth, continued rollouts with existing customers,
continued interest in Retalix's products, perception by leading
retailers of Retalix's reputation, potential benefits to retailers,
expansion into new geographic markets and other factors over which
Retalix may have little or no control. This list is intended to
identify only certain of the principal factors that could cause
actual results to differ. Additional risks related to the proposed
acquisition of Retalix by NCR may also cause actual results to
differ from expected results. Readers are referred to the reports
and documents filed by Retalix with the Securities and Exchange
Commission (the "SEC"), including Retalix's Annual
Report on Form 20-F for the year ended December 31, 2011 and the
proxy statement for Retalix's Special General Meeting of
Shareholders, annexed as Exhibit 99.1 to the Report on Form 6-K
furnished by Retalix to the SEC on December 10, 2012, for a
discussion of these and other important risk factors. Except as
required by law, Retalix undertakes no obligation to publicly
release the results of any revisions to these forward-looking
statements, that may be made to reflect events or circumstances
after the date hereof, or to reflect the occurrence of
unanticipated events.
CONTACT: Retalix Ltd.
Sarit Sagiv
+972-9-776-6618
investors@retalix.com