Category: 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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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…