Elbit Medical to absorb Elscint

Under the terms of the merger agreement, each ordinary share of Elscint (other than ordinary shares of Elscint held by Elbit Medical Imaging and Elscint) will be exchanged for 0.53 ordinary shares of Elbit Medical Imaging. The companies said that the day before the announcement of the expected merger, the ratio between the shares’ value was 0.34. On August 19, the ratio stood at 0.45, making the ratio that Elscint shareholders will receive higher than the ratio between the shares’s respective values on the stock exchange.

Source: www.globes.co.il



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