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Stock Market & Financial Investment News

News Breaks
May 1, 2014
05:30 EDTEMITFElbit Imaging announces termination of discussions for purchase of Gamida Cell
Elbit Imaging announced, following its announcement dated March 18, that Elbit Medical Technologies, a subsidiary of the company in which the company holds approximately 86% of the voting power, has announced that Gamida Cell Ltd., in which Elbit Medical holds approximately 30.8% of the voting power, has notified Elbit Medical that the negotiations of a possible purchase of Gamida Cell by a global pharmaceutical company have been terminated. The company, Elbit Medical and Gamida Cell are evaluating the consequences of the above mentioned matter.
News For EMITF From The Last 14 Days
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October 12, 2014
12:19 EDTEMITFElbit Imaging begins negotiations for sale of operation of Mango retail stores
Elbit Imaging announced that following its previous announcement dated September 29, that its subsidiary Elbit Fashion received from PUNTO FA, S.L written notice of its intention not to extend the term of the franchise rights of Elbit Fashion for operation of the "Mango" retail stores in Israel, that Elbit Fashion and the company are negotiating with Fox-Wisel and Punto the purchase of the operation of the Mango retail stores by Fox-Wisel. The consideration expected under the Transaction is estimated at approximately NIS 28M in addition to the price of Elbit Fashion's inventory that will be transferred to Fox-Wisel. The negotiations are expected to be consummated at the end of November.The closing of the transaction will be conditioned upon the approval of the Israeli Antitrust Authority as well as the satisfaction of certain conditions precedent as shall be set forth in the definitive agreements.

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