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Full coverage· Economy· Updated

Elron Board Ousts Chairwoman Bachar Menuch Amid Control Battle

Elron's board voted to remove Chairwoman Lisia Bachar Menuch, appointing Dan Hoaz as interim chairman. Bachar Menuch is threatening legal action, citing improper motives.

2 newsrooms · 1 language · since

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What happened

  1. 01Elron's board voted to remove Chairwoman Lisia Bachar Menuch, appointing Dan Hoaz as interim chairman.
  2. 02Bachar Menuch is threatening legal action, alleging improper motives behind her dismissal.
  3. 03The decision was driven by a dispute between directors representing controlling shareholder Arieli I.E.L.
  4. 04Arieli faces financial pressure after a NIS 90 million loan and a significant drop in Elron's stock value.
  5. 05The conflict among Elron's controlling shareholders is escalating to the boardroom and potentially the courts.

The move follows a severe dispute among controlling shareholders of Arieli I.E.L. and financial pressure on the group due to a NIS 90 million loan and a drop in Elron's stock value.

Translated and summarized by baba from TheMarker, the latest report. Read TheMarker’s original

The coverage

2 newsrooms on this story

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How it broke

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