Retalix Ltd. (RTLX)

[midastouch017]

UBS distributes NIS 51m worth of Retalix shares

The shares sold amount to 2.5% of Retalix, and were part of the consideration for the acquisition of TCI.

Yuval Mendelson 22 Jan 06 11:16

This morning, investment bank UBS distributed 430 million Retalix (Nasdaq: RTLX ; TASE: RTLX) shares, at a price of NIS 118 per share. The total distribution, amounting to some 2.5% of the shares in the company, was worth about NIS 51 million.
The shares sold were held by funds that owned TCI, which retailing software company Retalix bought last April. As part of the consideration, the funds received about 430,000 Retalix shares. UBS sold the shares on their behalf, chiefly to institutions.

Published by Globes [online], Israel business news - www.globes.co.il - on January 22, 2006

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