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Stock impact report

ISRAMCO (ISRL) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Isramco, Inc.

Israel Acquisitions Corp (ISRL) 
US:NASDAQ Investor Relations: isramcousa.com
Company Research Source: Business Wire
WILMINGTON, Del.--(BUSINESS WIRE)-- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Isramco, Inc. (NASDAQCM: ISRL) (“Isramco” or the “Company”) relating to the sale of the Company to Naphtha Israel Petroleum Corporation, Ltd (“Naphtha”), and entities owned by Haim Tsuff, who currently owns and controls roughly 73% of Isramco’s stock. On May 20, 2019, the two parties announced that they reached an agreement in principle pursuant to which Naphtha will acquire Isramco in a going private merger. As a result of the merger, Isramco shareholders are only anticipated to receive $121.40 per share in cash in exchange for each share of Isramco. Andrews & Springer’s investigation so far has revealed that the consideration Isramco shareholders are expected t Show less Read more
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