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stock was in the hands of these seven shareholders) this was effectively a private
acquisition rather than a public purchase.
Under Israeli law as long as the remaining minority shareholders were aware of the
controlling block, there was no violation of shareholder rights. Consequently the controlling
shareholders were free to commercialize their assets and sell to one another, without the
STO.
*** Disclaimer: This information is intended for information purposes only and is not intended to serve as
legal advice regarding specific matters nor should it be construed as a legal opinion.