A source has told ''Globes'', "Many companies are in talks with Ben Dov, but he has suffered a 45% paper loss on Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR), now that the share is traded at less than NIS 30. Bottom line, I believe that he will sell his entire holding as part of a super deal, and not just sell 15%."
Sources said that the Orange franchisee Partner's controlling shareholder Scailex Corporation (TASE: SCIX; Pink Sheets:SCIXF) will, later this week, publish the structure of the sale of a bloc of shares, and the choice of two investment banks to handle it.
Ilan Ben Dov wants to sell 15% of the company. He controls Partner through a 44.54% stake held by Scailex, a subsidiary of Suny Electronics Ltd. (TASE: SUNY), in which Ben Dov owns 78%.
DS Brokerage analyst Eran Jacobi told "Globes", "What's happening in the share is divorced from business. The market apparently smells a deal."
Partner's share price fell 4.2% by midday on the TASE today to NIS 29.31, after falling 1.9% on Nasdaq on Friday, in very heavy trading, amounting to 3% of its share capital, to $7.61, giving a market cap of $1.18 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on January 29, 2012
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