The price of Yitzhak Tshuva's offer for the public shares was NIS 105.50, up from his original offer of NIS 86.55.
Delek Group Ltd. (TASE: DLEKG) controlling shareholder has delisted Delek Israel Fuel Corporation Ltd. (TASE: DLKIS) from the Tel Aviv Stock Exchange (TASE) after a successful offer to buy the public's holdings.
The price of the offer was NIS 105.50, up from his original offer of NIS 86.55. Delek Group-wholly owned subsidiary Delek Petroleum Ltd., owned 9,861,473 Delek Israel shares (86.9%).
Today was the deadline for responding to the offer. Delek Israel handles Delek Group's fuel operations in Israel. The company had revenue of NIS 6.62 billion in 2012, up 7.9% from 2011. Net profit in 2012 rose 32.8% to NIS 23.9 million.
Published by Globes [online], Israel business news - www.globes-online.com - on April 23, 2013
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