Draft:Chaim Katzman

Gazit Globe Offer to Acquire All Minority Shareholder Interests in Subsidiary Atrium Has Not Been Approved

Retrieved on: 
Friday, October 25, 2019
Companies, Finance, Financial services, GZT, UBS, Tel Aviv Stock Exchange, Gazit, Tase, Gazit-Globe, Draft:Chaim Katzman

The Independent Committee of the Board of Directors of Atrium has received a fairness opinion letter as to the financial terms of the Gazit Offer from its financial adviser UBS AG London Branch and has unanimously recommended the Gazit Offer.

Key Points: 
  • The Independent Committee of the Board of Directors of Atrium has received a fairness opinion letter as to the financial terms of the Gazit Offer from its financial adviser UBS AG London Branch and has unanimously recommended the Gazit Offer.
  • Atrium has since announced that despite engaging with potential investors during the Go Shop period, no superior proposal was received.
  • The Independent Committee of the Board of Directors of Atrium therefore reaffirmed its recommendation of the Gazit Offer to the minority shareholders.
  • Gazit Globe is listed on the Tel Aviv Stock Exchange (TASE: GZT) and is included in the TA-35 index in Israel.

Gazit Globe Reaffirms its Commitment and Price for Atrium European Real Estate

Retrieved on: 
Friday, October 11, 2019
GZT, Tel Aviv Stock Exchange, Tase, Gazit, Stock exchanges, TA-35 Index, Economy of the Middle East, Gazit-Globe, Middle East, Draft:Chaim Katzman

The Independent Committee of the Board of Directors of Atrium therefore reaffirmed its recommendation of the Gazit Offer to the minority shareholders.

Key Points: 
  • The Independent Committee of the Board of Directors of Atrium therefore reaffirmed its recommendation of the Gazit Offer to the minority shareholders.
  • Gazit notes the statements in the press by certain shareholders who do not support the Gazit Offer relating to the Offer Price.
  • 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.