Full coverage· Economy· Updated
Dan Bus Members Opt for Future Gains Over Immediate Cash Payout
Around 1,100 members of the Dan bus company are choosing to hold onto their shares rather than accept an immediate 1.2 million shekel cash payout. This decision is influenced by the company's recent acquisition by investors and plans for a potential 2027 stock market listing.
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What happened
- 011,100 Dan bus members are deciding between 1.2 million shekels cash or future stock value.
- 02Most members are reportedly choosing to wait for a potential stock market listing in 2027.
- 03A June deal valued 48.8% of Dan at 2.8 billion shekels to a group of investors.
- 04High taxes on the cash payout are a significant factor in members' decisions.
- 05Dan reported 2.5 billion shekels in revenue and recent expansion.
Tax considerations on the cash offer and the company's reported growth also contribute to members' preference for future potential gains.
The coverage
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How it broke
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Neutral tone, on average across the newsrooms
