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News Breaks
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March 10, 2011
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| 06:00 EDT |  | EMITF |
| theflyonthewall.com: | Elbit Imaging announces an off-market take over bid by indirect subsidiary | | Elbit Imaging announced that its indirect subsidiary, EPN Investment Management LLC, has announced an off-market takeover bid by EPN GP LLC or an entity affiliated with it to acquire all of the outstanding units of EDT Retail Trust, that EPN affiliates do not already own. EPN's unconditional offer is to buy all outstanding units of EDT that EPN does not already own, approximately 52%, for A$ 0.078 cash per EDT unit. The total consideration which will be paid by EPN, in the event of full take up of EDT units by EPN, shall be approximately $190M. :theflyonthewall.com |
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May 17, 2012
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| 06:20 EDT | | EMITF |
| theflyonthewall.com: | Elbit Imaging transfers title in the shares of four hotels to PPHE Hotel Group | | Elbit Imaging announced, further to its announcement on April 1 in respect of a Share Purchase agreement with PPHE Hotel Group Ltd and PPHE Netherlands B.V., with regard to the sale of Elbit's holdings in its subsidiaries which own a 50% interest in the following hotels in the Netherlands: the Park Plaza Victoria Amsterdam Hotel; the Park Plaza Utrecht Hotel; the art'otel Amsterdam and the Park Plaza Airport Hotel, that the transfer of title in the shares of the Purchased Companies to PPHE Netherlands B.V. and the payment of the consideration have occurred. The consideration in the transaction consists of: the payment of $23M in cash and the issuance of 700,000 ordinary shares of PPHE to Elbit, with an estimated fair market value of approximately 3.5M. :theflyonthewall.com |
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