Financial

Itamar Medical is acquired for $ 538 million by American ZOLL Medical in a transaction that is entirely in cash. Itamar is a medical device company with a digital platform that focuses on diagnosing sleep apnea, which is traded in Tel Aviv and New York. In accordance with the terms of the agreement, which was unanimously approved by the boards of directors of each of the companies, Zol Medical will purchase in full the full share capital of Itamar Medical at a price of $ 31 for each deposit certificate (ADS), equivalent to $ 1.03 (NIS 3.31) for an ordinary share of The company. The offer...

The crisis at El Al. Kenny Rosenberg, the controlling owner of the airline, is demanding $ 100 million in compensation from the state. In addition, it rejects the Treasury's claim that it did not meet the previous aid conditions and did not alienate the company with $ 43 million as part of the issuance of EL AL shares for $ 105 million, which did not materialize due to the fourth wave of the corona. El Al, which in its financial reports carries a living business note due to its debts, applied to the state following the fourth wave for additional assistance in the amount of $ 150 to 200...

Bank Leumi reported that it has signed a deal with the American Valley National Bank under which Leumi USA and the American bank will merge at a value of $ 1.2 billion. Thus, after the merger, Leumi USA will hold 14.2% of the merged bank and will be the largest shareholder in the bank - but not a controlling shareholder. Bank Leumi is expected to post a profit of up to NIS 750 million from the transaction. The merger The transaction is subject to regulatory approvals and the approval of the General Meeting of Bank Valley. The merged bank will be the 29th largest bank among the banks traded...

The Jerusalem-based Lightricks company is currently completing a $ 130 million round of funding in the fourth round. $ 100 million of that amount will be invested into the company and the rest will be sold at a secondary sale (Scandry, a deal that allows existing shareholders and employees to exercise their holdings before the company is sold). The company's fourth round of funding was led by Insight Partners and Hanaco Ventures. The round was held with the participation of existing investors, including Goldman Sachs, Claltech, Harel Insurance and Finance and Greycroft, and was joined by...

Good news for the pharmaceutical company Teva. Teva's subsidiary in the United States has reached an agreement with the state attorney general of the state of Louisiana, which settles the state's lawsuits dealing with opioids. The agreement is subject to final approval by the state on November 1st. Under the agreement all the counties in the state release Teva from the claims as part of the arrangement. Under the terms of the arrangement, Teva will pay Louisiana $ 15 million over 18 years, and will provide an additional contribution of life-saving drugs, valued at $ 3 million (at retail...

The Israeli gaming company Beach Bum is being sold for half a billion dollars to the French hyper-casual gaming company VOODOO, Calcalist has learned. In the first phase, shareholders will receive $ 300 million, and later an additional $ 200 million subject to meeting targets. The company employs 150 people in its offices in Raanana. Beach Bum, whose mobile games are based on popular board games like backgammon that have adapted to the digital world, has barely raised outside capital since its inception in 2015. In the first round, held in 2016, it raised only $ 3 million, and has not...

Israeli lingerie manufacturer Delta Galil Industries, whose shares are traded on the Tel Aviv Stock Exchange, is planning an IPO in the United States, Bloomberg reported from people close to the matter. The company is working with Bank of America on the issuance plans, and aims to issue at a value of about $ 2 billion, according to the sources, who asked to remain anonymous because the information is private. According to the sources, the company's issue, which owns, among others, the American clothing brands Bare Necessities and 7 for All Mankind denim, may take place later this year....

In 2020, the profits of government companies in Israel amounted to NIS 2.9 billion - compared with NIS 4 billion in 2019; This is due to losses amounting to NIS 643 million in the Israel Post attributed to the corona year, and expenses of more than NIS 950 million in respect of retirement benefits for employees at the Haifa Post and Port prior to their privatization. The operating profit data make it possible to examine the decrease in the companies 'profitability due to the corona, less the one-time events, and these data indicate a decrease of about NIS 350 million in the companies'...

Iron Source, managed by Tomer Bar-Ze'ev, CEO and co-founder, announced today (Thursday) the acquisition of the mobile advertising company Tapjoy for $ 400 million in cash - and the share of Iron Source jumped by 6%. The deal is expected Close in the fourth quarter of 2021 or the first quarter of 2022. Tapuji is engaged in mobile advertising and monetization (generating revenue from applications). Revenue of $ 81 million in 2021. According to Iron Source, the acquisition will strengthen its platform on several levels: Iron Source customers will be able to increase their revenue by...

The financial event in Abu Dhabi was attended by members of the Beyond Business business delegation of Bank Hapoalim and the Export Institute, in which leading Israeli businessmen alongside government officials and senior businessmen from the United Arab Emirates. Among the topics discussed in the forum were what are the best ways for Israeli businessmen to seek and make an investment in Abu Dhabi, the benefits of investing in a venture in the union and an overview of the main highlights and future opportunities for trading and investing in financial services