Mizrachi and Recanati Exercise Right of Refusal on 9% of Maccabi Tel Aviv Shares
Translated & summarized from N12 by baba
The story in 5 lines · by baba
- Mizrachi and Recanati family exercised right of refusal on 9% of Maccabi Tel Aviv shares.
- Ben Ashkenazi sold the shares to Jayson LeVin.
- The move precedes an upcoming arbitration hearing.
- Richard Deitz had previously exercised a similar right.
- Shimon Mizrachi used his veto power as an original shareholder.
Shimon Mizrachi and the Recanati family have exercised their right of refusal on 9% of Maccabi Tel Aviv basketball club shares, which were sold by Ben Ashkenazi to Jayson LeVin. This move comes as the parties await an upcoming arbitration hearing.
LeVin was set to acquire 9 out of the 10 percent owned by Ashkenazi as part of a larger purchase deal, leaving Ashkenazi with only one percent. The decision by Mizrachi and the Recanati family to exercise their refusal right on these shares was made on Wednesday.
This action follows a similar move by Richard Deitz, who had previously exercised his right of refusal on a deal involving the Recanati family selling their shares to LeVin. However, Shimon Mizrachi, as an original shareholder, used his veto power to implement his own right of refusal on the Ashkenazi shares.
The exercise of this new right of refusal is not expected to impact the ongoing arbitration. The arbitration was initiated by Deitz, who is contesting Mizrachi's right of refusal concerning the Recanati family's share sale to LeVin.
Read the original at N12The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
