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Hadera Paper Ltd.
Hadera Paper Ltd. Signing an Agreement -- Updating Report
August 3rd, 2008
Hadera Paper Ltd. (AMEX:AIP) [AIPM] announced that following the Company's previous announcements dated July 2, 2008 and July 8, 2008, the Company announced that on July 10, 2008 it has signed an agreement for the acquisition of shares of Carmel Container Systems Ltd. ("Carmel", an affiliated company) from the principal shareholder of Carmel, Mr. Robert Kraft and a number of additional shareholders in Carmel, on an "as is" basis, for the total consideration of approximately $20.77 million, to be paid upon closing of the transaction. The completion of the transaction is conditional upon receiving approval as required by law, including the approval of the Israeli...
Source: Pharma Investments, Ventures & Law Weekly (2008-08-03)
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