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Yossi and Shlomi Amir have withdrawn the bid that they submitted on Sunday to purchase a controlling 24.9% stake in Shufersal Ltd. (TASE:SAE) for NIS 2.5 billion as a result of objections from Paz Oil Firm (TASE: PZOL).
The brothers, who offered grocery store chain Freshmarket to Paz, had been providing NIS 28 per share for 88 million shares, a slight premium on Shufersal’s closing worth on Sunday of NIS 27.20.
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The Amir brother’s lawyer mentioned that whereas they felt sure that their bid didn’t hurt Freshmarket, they had been however withdrawing their bid following Paz’s declare that the bid violated a 3 yr non-compete settlement.
Printed by Globes, Israel enterprise information – en.globes.co.il – on March 16, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
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