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Stock Market & Financial Investment News

News Breaks
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.
News For EMITF From The Last 14 Days
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November 25, 2014
07:31 EDTEMITFElbit Imaging announces Japanese approval for InSightec
Elbit Imaging announced that it was informed by InSightec that Japan's Ministry of Health, Labor and Welfare has approved InSightec's MR-guided Focused Ultrasound system for the treatment of pain palliation caused by bone metastases and advanced treatment for women with uterine fibroids. As a result, InSightec may expand its product portfolio for the Japanese market. MHLW has also approved the advanced treatment for women with uterine fibroids. This advanced treatment provides additional treatment options and shortens treatment time, allowing physicians to better monitor the procedure.

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