Scopus Video Networks shareholders OK going-private deal with Harmonic

By Lisa Kerner

Charlotte, N.C., Feb. 9 - Scopus Video Networks Ltd. shareholders approved the company's merger agreement with Harmonic Inc. and its subsidiary, Sunrise Acquisition Ltd., at a special meeting on Friday.

Harmonic agreed to take Scopus private for $5.62 cash per share.

According to Scopus, 90% of its outstanding shares were cast in favor of adoption of the Dec. 22 agreement.

The merger is expected to close at the beginning of March.

Scopus, located in Rosh Ha'ayin, Israel, develops and supports digital video networking, offering video gateways, encoders, decoders and network management products.

Harmonic designs, manufactures and sells video products and system solutions that enable service providers to deliver broadcast and on-demand services. The company is based in Sunnyvale, Calif.

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