No comment by PERI's CEO tells me there's definitely something to this story. Reverse merger equaling $200 million as reported by the Israeli business newspaper = $16.59 a share.
$200M ÷ 12.8M shares = $15.63/share
$8.27M Debt ÷ 12.8M shares = $.65/share
Buyout offer = $14.98/share
There 12,064,510 shares and debt is never subtracted from buyouts. Buyout price is $16.59 a share.