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Stock Market & Financial Investment News

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June 29, 2014
12:42 EDTEMITFElbit Imaging announces agreement for investment in InSightec
Elbit Imaging announced that InSightec has entered into a Series D Preferred Share Purchase Agreement with York Global Finance II S.a r.l., an affiliate of York Capital Management, pursuant to which the Investor and certain Subsequent Investors, shall invest between $50M and $62.5M in InSightec. The company holds approximately 90% of the share capital of Elbit Medical Technologies which, in turn, holds approximately 48.2% of the share capital in InSightec. As part of the transaction, Elbit Medical and other current shareholders of InSightec have agreed to amend the Securityholders Agreement among them.
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