Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Elbit Imaging Executes Definitive Deal With Bank Hapoalim - Quick Facts

Elbit Imaging Ltd. (EMITF: Quote), an Israel-based holding company engaged in the real estate development & operations, announced Monday that it has entered into a definitive agreement with Israel-based financial group Bank Hapoalim B.M. (BKHYY.PK) on the basis of the general terms of agreement that were approved by the company's unsecured financial creditors.

The agreement follows the receipt of the requisite approval from its unsecured financial creditors.

Consequently, the condition precedent included in the adjusted plan of arrangement, pursuant to which an understanding will have been reached between the Company and the Bank, was fulfilled, the company noted.

The closing of the definitive deal is subject to certain other conditions precedent, including the approval of the arrangement by the Tel-Aviv Jaffa District Court, the closing of the arrangement and such other customary conditions precedent.

Click here to receive FREE breaking news email alerts for Elbit Medical Imaging Ltd and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Stocks moved notably higher over the course of the trading day on Monday, extending the strong upward move seen last Friday. The gains on the day continued the recent recovery by the markets, with the Nasdaq and the S&P 500 closing higher for the third consecutive session. While Republicans have largely tried to frame the upcoming midterm elections as a referendum on President Barack Obama, Sen. Ted Cruz, R-Tex., has joined the few offering guidance on what the GOP will do if it manages to retake control of the Senate.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.