Gazit Globe Reaffirms its Commitment and Price
Retrieved on:
Friday, October 11, 2019
Gazit notes the statements in the press by certain shareholders who do not support the Gazit Offer relating to the Offer Price.
Key Points:
- Gazit notes the statements in the press by certain shareholders who do not support the Gazit Offer relating to the Offer Price.
- Gazit continues to believe that the Gazit Offer represents an attractive price for minority shareholders to monetize their investment in Atrium as well as offers them a premium of 18.3% to the closing price immediately prior to the announcement of the Gazit Offer, a premium of 18.0% to the volume-weighted average price for the one-month period prior to the announcement of the Gazit Offer and a premium of 15.3% to the volume-weighted average price for the three-month period prior to the announcement of the Gazit Offer.
- Accordingly, Gazit hereby confirms that it remains fully committed to its offer, that the Offer Price is final and that it has no intention of increasing the Offer Price.
- Gazit Globe is listed on the Tel Aviv Stock Exchange (TASE: GZT) and is included in the TA-35 index in Israel.