Each issue of PaperMoney is approximately 500 fact filled pages.
Logout
Click here for Pulp & Paper Radio International
Items just for you
New publication added! Advertising Arguments 2015 book
Free Downloads
Search
My Profile
Login
Management Side
Technical Side
Hadera Paper Ltd. Moves to Acquire Carmel Shares
Print
Hadera, Israel, 08 July 2008/PRNewswire-FirstCall/ -- Hadera Paper Ltd. (AMEX:AIP) (AIPM) announced today that following the company's announcement dated 02 July 2008 regarding negotiation to purchase the holdings (49.5%) of the main shareholder of Carmel Containers Systems Ltd., an affiliated company, the company's board of directors authorized the company's management to purchase the above-mentioned holdings and also, the holdings of a number of additional shareholders in Carmel, all together, a total of approximately 53% of Carmel's shares, for the total consideration of approximately USD 20.77 million.

On completion of the transaction, the company will hold approximately 89.3% of Carmel's shares. However, there can be no assurance that a binding agreement can be reached; if a binding agreement is signed, the completion of the transaction is conditioned upon the receiving of the approvals required by law, including the approval of the Israeli Antitrust Authority.

Source: Hadera Paper Ltd


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: