On Friday, Discount Investment, controlled by Eduardo Elsztain, raised by 8.1% the price of its tender offer to purchase the public's holdings in its subsidiary Property and Building Ltd. (TASE: PTBL). Discount Investment has also put back the deadline for accepting the offer from June 17 to June 20, in an attempt to secure shareholders agreement. RELATED ARTICLES Property & Building mulls buying New York's Lipstick Building Elsztain seeks to delist Property & Building Discount Investment, which currently holds 68.83% of Property and Building, is now offering to buy the public's holding for a total of NIS 706.7 million, which compares with NIS 653.7 million in the original offer. The current offer of NIS 360 per share, represents a premium of 2.2% over Friday's closing price on the Tel Aviv Stock Exchange, and 5.2% over Thursday's closing price. According to Discount Investment, the offer price represents a premium of 16.5% over the average share price of Property and Building over the past three months, and 23.7% over the average for the past six months. Published by Globes, Israel business news - en.globes.co.il - on June 16, 2019 © Copyright of Globes Publisher Itonut (1983) Ltd. 2019
