Israel's Elbit Imaging to sell notes, convertibles in local market

By Angela McDaniels

Tacoma, Wash., July 28 - Elbit Imaging Ltd. is inviting institutional investors to participate in a proposed public offering in Israel of additional series F debentures and new series 1 convertible debentures, according to a company news release.

The company said it is examining the possibility of enlarging the scope of the proposed offering and expects to announce the final terms of the proposed offering Wednesday.

The proposed offering is being made in Israel to residents of Israel only.

Elbit Imaging has four main business segments: shopping and entertainment centers, hotels, image-guided treatment and residential projects. The company is based in Tel Aviv, Israel.

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