Wednesday, 3 June 2020

Sapir Corp goes private as shareholders approve buyout

Sapir Corp.’s Israeli shareholders have approved Alex Sapir’s proposal to take his real estate investment firm private — at a somewhat higher price that originally planned. The deal is a victory for the company’s namesake, after his attempt three years ago failed. Holders of a little less than 10 percent of the company’s outstanding shares accepted Alex Sapir’s proposal to buy them out at 3.8 shekels a share, according to a Wednesday announcement. Those shares,



source https://therealdeal.com/2020/06/03/sapir-corp-goes-private-as-shareholders-approve-buyout/

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