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Industry & Trends | Israel | Mergers & Acquisitions

Elbit Acquires Elisra/Tadiran

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Elbit Systems Ltd. Of Haifa, Israel reported today that it signed an agreement with Koor Industries Ltd. to acquire all of Koor's 70% holdings in Elisra Electronic Systems Ltd , in consideration of $70 million in cash. Concurrently with the signing of the agreement to acquire Koor's holdings in Elisra, Elbit Systems and Koor agreed to amend their agreements regarding the purchase of Koor's holdings of Tadiran Communications Ltd., accelerating the process of joint control....

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