Followers | 829 |
Posts | 119605 |
Boards Moderated | 14 |
Alias Born | 09/05/2002 |
Thursday, April 26, 2007 11:31:43 PM
http://biz.yahoo.com/prnews/070426/ukth033.html?.v=4
>>
Thursday April 26, 1:18 pm ET
HAIFA, Israel, April 26 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (Nasdaq: ESLT ; the "Company") announced today the successful completion of its previously announced Cash Tender Offer for balance of the ordinary shares of Tadiran Communications Ltd. (TASE: TDCM) ("Tadiran") (the "Offer").
The Offer expired at 2:00 p.m., Israel time, on April 26, 2007, with 6,690,801 Tadiran shares tendered and accepted for purchase under the terms of the Offer for a price of 210 New Israeli Shekels per share. The total amount paid for the tendered shares was approximately $350 million, based on current exchange rates. These shares, which represent approximately 51.16% of the total outstanding ordinary shares of Tadiran (approximately 52.85% of the voting rights), satisfy the legally required majority under the terms of the Offer.
As a result, and in accordance with the provisions of Israeli law relating to tender offers, the Company will acquire under the terms of the Offer, the remaining shares of Tadiran from those Tadiran shareholders who did not provide an acceptance notice relating to the Offer. Accordingly, Tadiran will become a private, wholly-owned subsidiary of the Company.
Joseph Ackerman, President and CEO of Elbit Systems Ltd., commented: "The acquisition of Tadiran Communication is in line with our long-term strategy of growth through mergers and acquisitions of complementary companies with high synergistic value." Mr. Ackerman further noted that "Tadiran Communications is an excellent company with advanced technology products that have proven operational success with numerous defense forces worldwide, including the Israel Defense Forces. Tadiran's areas of business complement those of Elbit Systems and represent a significant force multiplier, further leveraging the Elbit Systems Group's depth and versatility and enabling us to offer our customers even more comprehensive turn-key solutions based on the Group's collective strengths."
<<
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
Recent ESLT News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/08/2024 10:05:18 AM
- Elbit Systems Awarded Approximately $53 Million Contract to Supply Crossbow Unmanned Turreted Mortar Systems for a European Customer • PR Newswire (US) • 05/08/2024 06:43:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/06/2024 10:02:20 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/06/2024 10:01:04 AM
- Elbit Systems Schedules First Quarter 2024 Results Release For May 28, 2024 • PR Newswire (US) • 05/06/2024 06:58:00 AM
- Elbit Systems Awarded $37 Million Contract to Supply Iron Fist APS for Upgrading U.S. Army's Bradley IFVs • PR Newswire (US) • 05/05/2024 06:34:00 AM
- Elbit Systems Awarded Approximately $50 Million Contract for a New Air Defense System by an International Customer • PR Newswire (US) • 04/30/2024 06:55:00 AM
- Elbit Systems Announces a Postponement of its Extraordinary General Meeting of Shareholders • PR Newswire (US) • 04/17/2024 05:55:00 PM
- Elbit Systems Announces Amendment to the Company's Proxy Statement • PR Newswire (US) • 04/01/2024 08:38:00 AM
- Elbit Systems Announces the Filing of its Annual Report on Form 20-F for Fiscal Year 2023 • PR Newswire (US) • 03/28/2024 12:34:00 PM
- U.S. Index Futures on the Rise, Oil Prices Show Stability • IH Market News • 03/26/2024 11:21:42 AM
- ELBIT SYSTEMS REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS • PR Newswire (US) • 03/26/2024 08:39:00 AM
- Elbit Systems Awarded Approximately $300 Million Contract to Supply Defense Solutions for an International Customer • PR Newswire (US) • 03/25/2024 09:24:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/05/2024 11:00:51 AM
- Elbit Systems Reports Impact on its Fourth Quarter 2023 Financial Results Due to Non-Cash Expenses • PR Newswire (US) • 03/05/2024 08:43:00 AM
- Collins Elbit Vision Systems delivers 3,000th F-35 Gen III Helmet Mounted Display System to the Joint Strike Fighter • PR Newswire (US) • 02/26/2024 02:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/26/2024 11:01:02 AM
- Elbit Systems Awarded an Approximately $600 Million Contract to Supply Systems for the Redback IFV Under the Australian Land 400 Phase 3 Project • PR Newswire (US) • 02/26/2024 08:23:00 AM
- Elbit Systems Schedules Fourth Quarter & Full Year 2023 Results Release for March 26, 2024 • PR Newswire (US) • 02/26/2024 08:06:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/21/2024 11:09:37 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/20/2024 11:02:50 AM
- Elbit Systems Awarded a $300 Million Contract to Supply Armored Vehicle Systems to a European Customer • PR Newswire (US) • 02/20/2024 07:33:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 08:09:01 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/18/2023 11:03:51 AM
- Elbit Systems Awarded Contracts from the Israel Ministry Of Defense in an Aggregate Material Amount • PR Newswire (US) • 12/18/2023 09:06:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM