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Alvarion Board Will Not Oppose Silicon Valley Bank's Request

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Alvarion (NASDAQ: ALVR) announced today that the company's Board of Directors has decided not to object to the request submitted by Silicon Valley Bank to the District Court of Tel-Aviv – Yaffo for the enforcement of liens registered in connection with a loan extended by SVB to the company, and for the appointment of a receiver to enforce such liens.

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Posted-In: M&A News Guidance Asset Sales Global

 

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