On Nov 13 the parent company in Israel -Willy food investment Ltd sold 2,060,000 shares in a private placement for appr 9,333,000 dollars.It amounts to 21.66% of its outstanding shares.I imagine there will be a press release in the next day or so.
Sounds like a good deal.Now Willi foods has 37 mil in cash to expand its global operations.From what I gather the buyers whose holding co is listed on the TASE are savvy investors.This is no Gaydamak deal!
The secondary offering deal is as follows the company issued 2 mil shares or 15.8% of company for 9,333 mil dollars apprx $4.66 a share to a private holding co in Israel.Things should be moving ahead next 4-6 weeks.
Z48-Don't waste your time answering the garbage Goldansky and his many "aliases"post .Everybody on this board knows him-he'll be posting his garbage even when we pass the double digits.Re: management pr they have a history! Though I expect that within a few weeks we should be hearing important news.
Not exactly sure . -have to know more details.If management sold understandable . The're cashing in there chips after buying back the company from Gayadmak for pittance.As long as they still own the lions share of the company I'm okay- Let's wait for details.