[ad_1] Paz Oil (TASE: PZOL) has introduced a deal whereby 15% of the shares in Ashdod Oil Refinery will probably be allotted to Shapir Engineering and Business (TASE: SPEN) at a post-money valuation of NIS 1.45 billion, similtaneously the distribution of 80.1% of the shares in Ashdod Oil Refinery as a dividend to Paz Oil shareholders. On the date of completion of the deal, Paz Oil will spin off Ashdod Oil Refinery and checklist it for buying and selling on the Tel Aviv Inventory Trade . RELATED ARTICLES Paz to arrange…
Author: Omri Cohen
[ad_1] US video platform Panopto studies that it has improved its bid to purchase Israeli video cloud platform Kaltura (Nasdaq: KLTR). The revised bid is for $3 per share, which values Kaltura at $383 million. The most recent bid displays a 27.1% premium on Kaltura’s closing value on Wall Avenue yesterday and is 44% above the share’s common value over the previous 30 days. Kaltura’s share value is up 12.3% on Nasdaq at this time. RELATED ARTICLES Kaltura completes flotation at $1.34b valuation Kaltura buys Israeli video conferencing…
[ad_1] Kenon Holdings (TASE: KEN; NYSE: KEN), managed by Idan Ofer, is stocking up on money and plans a dividend distribution of $552 million by way of a capital discount (topic to approval by the shareholders and by the court docket). Ofer, who holds 60.3% of Kenon, will obtain $333 million. Ofer obtained a $114 million slice of the $189 million dividend that Kenon distributed in January this 12 months. Kenon reported a internet revenue attributable to shareholders of $930 million for 2021. This follows a $507 million revenue for 2020. In its 2021 monetary statements, Kenon reported that…