Internet Gold Announces Anticipated Schedule for Closing of the Searchlight Transaction and Exploration of Strategic Alternatives
INTERNET GOLD GOLDEN (IGLD)
US:NASDAQ Investor Relations:
igld.com
Company Research
Source: GlobeNewswire
Ramat Gan, Israel, Oct. 07, 2019 (GLOBE NEWSWIRE) -- Internet Gold - Golden Lines Ltd. (the “Company” or “Internet Gold”) (NASDAQ Global Select Market and TASE: IGLD) today announced. further to the Company's previous reports regarding execution of a definitive agreement for the ‘Searchlight Transaction’ among the Company, B Communications Ltd. (“BComm”), Searchlight II BZQ, L.P. and T.N.R. Investments Ltd. (together the “Purchasers”), that BComm announced the anticipated schedule for the closing of Searchlight Transaction and the additional actions included as part of the settlement plan, a translation of which was previously submitted by the Company to the U.S Securities and Exchange Commission on Form 6-K. According to BComm's report, the expected date for the closing of the Searchlight Transaction is October 31, 2019 (the “Closing Date”). At the Closing Date, the Company will sell its entire holdings in BComm for an aggregate amount of NIS 225 million and will invest NIS 345 m
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