Israel's Delek to sell insurer Phoenix to private equity firms [Reuters]
DELEK GROUP ADR (DGRLY)
NASDAQ:AMEX Investor Relations:
ir.delek-group.com/investor-relations
Company Research
Source: Reuters
Israel's Delek to sell insurer Phoenix to private equity firms - Reuters 2 Min Read TEL AVIV (Reuters) - Delek Group signed a binding agreement for the sale of 32.5% of insurer Phoenix Holdings for 1.72 billion shekels ($476 million) to private equity firms Centerbridge Partners and Gallatin Point Capital. The buyers will pay 1.6 billion shekels, or 20.6 shekels a share, for a controlling 30% stake, as was agreed in a non-binding deal announced in February. Delek, one of Israel’s largest business groups, said on Thursday it would arrange for the buyers to purchase another 2.5% of Phoenix for 120 million shekels. The final amount could include an increase of up to 860 million shekels or a decrease of 200 million based on future returns for the buyers, and Delek said it will arrange a five-year loan to fund half the acquisition. The deal is subject to regulatory approval. Delek, a partner in large offshore natural gas projects, is being forced to divest from Phoenix due to regulation th
Show less
Read more
Impact Snapshot
Event Time:
DGRLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DGRLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DGRLY alerts
High impacting DELEK GROUP ADR news events
Weekly update
A roundup of the hottest topics