Omega to Acquire Control of Spacecom Satellite Firm
Translated & summarized from TheMarker by baba
Omega, owned by Liron Krasin, is poised to acquire a controlling stake in the Israeli satellite firm Spacecom. The deal values Spacecom at NIS 155 million, a 34% premium over its current market value.
The story in 3 lines · by baba
- Omega, owned by Liron Krasin, will acquire a controlling stake in Spacecom.
- The deal values Spacecom at NIS 155 million, a 34% premium.
- The tender for Spacecom began after a board member's NIS 140 million bid.
Omega, owned by Liron Krasin, is set to become the controlling shareholder of Spacecom, a publicly traded satellite communications company.
Omega has offered to invest NIS 48.5 million for a 31.5% stake in Spacecom, valuing the company at NIS 155 million. This represents a 34% premium over its current market value, following the release of its third-quarter financial reports. The tender for Spacecom was initiated after a board member proposed acquiring control for NIS 140 million.
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