Israel's Orad Hi-Tec Systems Acquired by U.S. Firm Avid for $70 Million

Maker of graphics for television broadcasters bought at 40% premium to market valuation.

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Orad Hi-Tec Systems, an Israeli company that provides technology for broadcasters, is being acquired by U.S.-based Avid Technology for 5.67 euros ($6) a share, in a deal valuing the company at about $70...