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Stock Market & Financial Investment News

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June 26, 2014
07:40 EDTEMITFElbit Imaging subsidiary's debt restructuring plan approved by creditors
Elbit Imaging subsidiary Plaza Centers' amended restructuring plan has been approved with 92% of creditors voting in favour of the Plan. In light of the consent of creditors, the District Court of Amsterdam has scheduled a hearing to confirm the Plan on July 8.
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August 19, 2014
05:11 EDTEMITFGamida Cell announces investment, option agreement with Novartis
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August 14, 2014
06:49 EDTEMITFElbit Imaging approves one-for-twenty reverse share split
Elbit Imaging's shareholders approved a one-for-twenty reverse share split of the company's ordinary shares. The previously announced split will become effective at 5:00 p.m. NY time on Thursday, August 21, such that the shares will start trading on a reverse split-adjusted basis upon the open of trading on the NASDAQ Global Select Market on Friday, August 22. The reverse share split is intended to increase the per share trading price of the company's ordinary shares to satisfy the $1.00 minimum bid price requirement for continued listing.

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