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Stock impact report

Elbit Systems Updates its 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 22, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today, further to its announcement of April 7, 2020, that its wholly-owned Israeli subsidiary, IMI Systems Ltd.  ("IMI"), has updated the conditional full cash tender offer issued on April 7, 2020, 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 "Updated Tender Offer").  The Updated Tender Offer will remain open through April 27, 2020 and is for the price of NIS 12 (approximately $3.37) per share and for a total consideration of NIS 42,479,436 (approximately $11.959 million). The price reflects a premium of approximately 86.77% above the closing price of Ashot's shares on April 6, 2020 and approximately 17.88% above the closing price of Ashot's shares on April 21, 2020.  The Update Show less Read more
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