MERGERS & ACQUISITIONS

Elbit Imaging has agreed to sell up to 50% of Elbit Medical to Exigent Capital at a 6% discount.

Datorama has grown rapidly into a company with significant revenue and major customers, but its contribution to Salesforce lies ahead.

The price is estimated at $850 million. Datorama's Israeli employees will join Salesforce's Marketing Cloud development team.

The buyer is Chinese company TUS International. Completion of the deal is expected by year-end.

Shemer, currently The head of the bank's retail division, will replace Israel Trau, who resigned after Union Bank's merger with Mizrahi Tefahot Bank was barred.

77% of TASE-traded Plastopil is owned by Kibbutz Hazorea.

The South Korean Supreme Court dismissed an appeal against Orbotech in an intellectual property case.

Excluding Orbotech and NDS, the average exit deal in the first half of 2018 was down nearly 50% compared with 2015 and 2016.

Herzliya-based Bird Aerosystems is a global supplier of air defense systems.

Discount Bank subsidiary Mercantile Discount Bank announced its intention of bidding for the controlling interest.

Highland Capital Management, represented in Israel by former Israel ambassador to the US Daniel Ayalon, has informed Internet Gold of its interest in buying the latter's Bezeq stake.

Verint was reportedly about to buy NSO at a $1 billion valuation.

Merging with Hoodies gives Castro the size and variety needed to compete in today's fashion market.