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Internet Gold Announced Receipt of Final Set of Transaction Documents from Searchlight

Internet Gold Golden Lines Ltd (IGLD)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: igld.com
PDF Ramat Gan, Israel, June 12, 2019 (GLOBE NEWSWIRE) -- Internet Gold - Golden Lines Ltd. (the “Company” or “Internet Gold”) (NASDAQ Global Select Market and TASE: IGLD) today announced receipt from Searchlight Capital Partners (“Searchlight”) of a final form of SPA (the “SPA”) and transaction documents for the transaction between Searchlight together with an entity wholly owned by the Fuhrer family which was designated by Searchlight to be its Israeli partner (together with Searchlight, the “Purchasers”), B Communications Ltd. ("Bcom") and the Company (the “Transaction”). The Transaction will include, inter alia, the sale by the Company of its entire holdings in Bcom for an aggregate amount of NIS 225 million and an investment by the Company in Bcom of up to NIS 345 million (comprised of the NIS 225 million to be paid by the Purchasers to the Company and an additional amount of NIS 120 million). Pursuant to the Transaction, the Company shall receive NIS 310 million par value of [Read more]

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