Yitzhak Tshuva's Delek Group is offering NIS 86.55 per share for the public's holding, a 10% premium over today's opening price.
Yitzhak Tshuva is seeking to delist Delek Israel Fuel Corporation Ltd. (TASE: DLKIS) from the TASE, according to a notice to the TASE by the company and its parent company, Delek Group Ltd. (TASE: DLEKG).
Delek Group-wholly owned subsidiary Delek Petroleum Ltd., which owns 9,861,473 Delek Israel shares (86.9%), is offering NIS 86.55 per share for the public's holding, representing a 10% on today's opening price, for a total of NIS 128.7 million.
The deadline for responding to the offer is 3 pm on April 23.
Delek Israel handles Delek Group's fuel operations in Israel.
Published by Globes [online], Israel business news - www.globes-online.com - on April 9, 2013
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