Israeli shopping malls and offices giant Azrieli Group has made a non-binding offer to acquire control of real estate company ZMH Hammerman at a valuation of NIS 635 million. Azrieli Group is proposing a reverse triangular merger to acquire control of the company. The offer is subject to due diligence examination, negotiations, and obtaining approval from the Competition Authority and bondholders.
image sourced from original article at https://en.globes.co.il/en/article-azrieli-to-enter-residential-market-1001493022Original article source: https://en.globes.co.il/en/article-azrieli-to-enter-residential-market-1001493022
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