Category: Isracard
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Isracard shareholders approve acquisition by Delek
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In order for the deal to pass, it is now needed to agree to the supervisor of the banks and the authority of Israel. The shareholders of the Israeli credit card company (Tase: ISCD) yesterday voted in favor of selling control over the company Delek Group (Tase: Delkg), which is…
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Bank of Jerusalem renews bid for Isracard
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Although it signed a new investment agreement with Delek Group and canceled its previous agreement, signed in October, with the insurance company Menora Mivtashem, the credit card company Isracard still has another suitor that has not given up hope: Jerusalem Bank. Yesterday evening, the bank, headed by Yair Kaplan, sent…
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Isracard directors prefer Delek bid
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Delek Group (TASE: DELKG), controlled by Yitzhak Tshuva and managed by CEO Idan Wallace, is on the cusp of taking control of Israeli credit card company Isracard (TASE: ISCD). The battle between Delek, Menora Mivtashem (TASE: MMHD) and Jerusalem Bank (TASE: JBNK) over Israel’s largest credit card company is now…
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Bank of Jerusalem raises bid to merge with Isracard
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The race to acquire Isracard (TASE: ISCD) heats up as Jerusalem Bank (TASE: JBNK) joins Delek Group (TASE: DLKG) and Menora Mivtachim (TASE: MMHD) in bids to buy the Israeli credit card company. Last Wednesday, Delek Group offered to buy a controlling stake in Isracard at a company valuation of…
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Delek Group turns up pressure on Isracard board
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The Delek Group, controlled by Yitzhak Tshuva, is increasing pressure on the board of directors of the credit card company Isracard, to encourage the board of directors to accept the takeover offer for the company. Delek Group is now seeking to acquire Isracard for NIS 3.56 billion, NIS 200 million…
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Delek Group turns up pressure on Isracard board
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The Delek Group, controlled by Yitzhak Tshuva, is increasing pressure on the board of directors of the credit card company Isracard, to encourage the board of directors to accept the takeover offer for the company. Delek Group is now seeking to acquire Isracard for NIS 3.56 billion, NIS 200 million…
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Delek Group joins bidding for Isracard
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Shareholders of credit card company Isracard were supposed to vote on the offer made by insurance company Menorah Mivtachim to acquire it for NIS 3.1 billion. However, at the last minute, Yitzhak Tshuva’s Delek Group made its own bid, valuing Isracard at NIS 3.36 billion, while Al-Quds Bank also made…
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Bank of Jerusalem to bid for Isracard
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Jerusalem Bank (TASE: JBNK) joins the race to acquire credit card company Isracard (TASE: ISCD). The details of the offer submitted by the bank are not yet clear, but it said in a statement that “the bank’s board of directors decided to inform “Isracard” of its intention to submit an…
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El Al withdraws bid to buy control of Isracard
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The airline says it abandoned the plan because of the short timeline set by Isracard for any deal. El Al Israel Airlines Ltd (level:Ellal) has withdrawn its bid to buy control of credit card company Isracard (TASE: ISCD). Two weeks ago, the airline made a bid to buy a controlling…
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El Al bids to buy control of Isracard
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El Al Israel Airlines Ltd (level:EllalAn Israeli company has offered to buy control of credit card company Isracard (TASE: ISCD) at a company valuation of NIS 3.1 billion. This is a similar offer to the one made last week to the credit card company by insurance and financing company Menora…
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Menora Mivtachim bids again for Isracard
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What is the right price for Isracard (TASE: ISCD)? The market value of the listed credit card company before this morning’s opening was NIS 2.75 billion. Yesterday, insurer Menora Mivtachim (TASE: MMHD) submitted an offer to manage Isracard based on a valuation of NIS 3.1 billion, 15% more than Isracard’s…
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Two more groups mull bidding for Isracard
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Buying battle Isracard (TASE: ISCD) has moved higher. after Menorah Mivtashem Holdings Ltd (level: Smoothed) renewed its bid earlier this month to buy control of the credit card company, after which WeSure Global Tech (TASE: WESR), which owns insurance company Ayalon, entered the race, and there are now two other…
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Menora Mivtachim renews pursuit of Isracard
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Israeli insurance and finance company Menora Mivtachim Holdings Ltd. (level: Paved) renewed its efforts to buy a controlling stake in the credit card company. Isracard (TASE: ISCD). Last Thursday, Menora Mivtachim wrote a letter to Isracard Chairman Tamar Yasur and CEO Ran Oz offering to begin negotiations to invest in…
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Yitzhak Tshuva eyes Isracard stake
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After the Bank of Israel blocked non-banking credit finance company Nawi Brothers Group (TASE: NAWI) from purchasing Isracard (TASE: ISCD), Globes has learned Dilek Group Limited (level:Delicate) Controlling shareholder Yitzchak Tshuva is among those considering investing in the credit card company. Also interested in Isracard, which trades at a market…