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Novolog Control Battle Intensifies as Owner Seeks Board Dissolution Amid Movement's Buyout Offer

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

Unrated 2

By אמיר פרגר

What happened

Novolog faces a control battle as Movement Group offers 100 million shekels to acquire 21.34% shares, threatening current owner Ehud Pozis's majority stake. Pozis seeks to dissolve the board to block the offer, amid Novolog's recent financial struggles and declining market value.

01Movement Group offers 100 million shekels for 21.34% of Novolog, aiming to become largest shareholder.
02Current owner Ehud Pozis holds 26.7% but risks losing control due to dilution.
03Pozis requests shareholder meeting to replace board members and block Movement's offer.
04Novolog's market value dropped 37% since 2017 IPO, now at 361 million shekels.
05Company suffered losses from system failures and lost Pfizer as a major client.
06Novolog operates three divisions: logistics, health services, and digital health.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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