Economy · Full coverage
Meitav Proposes Second Tender Offer to Delist Peninsula from Tel Aviv Stock Exchange
How 1 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Calcalist · 7 hours ago
What happened
Meitav Investment House has launched a second tender offer to buy out minority shareholders of its subsidiary Peninsula, aiming to delist the non-bank finance company from the Tel Aviv Stock Exchange and convert it into a private credit arm. The offer includes a 6% premium on Peninsula's share price and follows a leadership change at Peninsula.
- 01Meitav offers to buy remaining Peninsula shares to delist it from the stock exchange.
- 02The tender offer values Peninsula shares at 3.5 shekels, a 6% premium over last week's close.
- 03Meitav owns 88.1% of Peninsula and needs 95% for forced delisting.
- 04Peninsula's CEO will be replaced by Meitav Financing's Assaf Ezra.
- 05Peninsula's market cap is 730 million shekels; Meitav's is 11.8 billion shekels.
- 06Peninsula's stock rose 4% in 12 months; Meitav's surged 85% in the same period.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
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