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Stock impact report

Elbit Systems Issues a Cash Tender Offer for Ashot's Shares

Elbit Systems Ltd. - Ordinary Shares (ESLT) 
Last elbit systems ltd. - ordinary shares earnings: 3/25 04:11 am Check Earnings Report
US:NASDAQ Investor Relations: ir.elbitsystems.com
Company Research Source: PR Newswire
HAIFA, Israel, April 7, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that its wholly-owned Israeli subsidiary, IMI Systems Ltd.  ("IMI"), has issued a conditional full cash tender offer (the "Tender Offer") to acquire all ordinary shares of the Israeli publicly-traded company, Ashot Ashkelon Industries Ltd. ("Ashot"), held by the public, currently representing approximately 15.02% of Ashot's outstanding share capital. The remaining ordinary shares, representing approximately 84.98% of Ashot's outstanding share capital, are currently held by IMI.  The Tender Offer will remain open through April 26, 2020 and is for the price of NIS 7 (approximately $1.9) per share and for a total consideration of NIS 24,779,671 (approximately $6.832 million). The price reflects a premium of approximately 8.95% above the closing price of Ashot's shares on April 6, 2020. The Tender Offer is subject to the fulfillment of at least one Show less Read more
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