Elbit Imaging terminates $50 million equity purchase agreement with YA

Agreement was to span three years; company did not draw down any funds

By Devika Patel

Knoxville, Tenn., May 31 - Elbit Imaging Ltd. said it terminated a $50 million three-year equity purchase agreement with YA Global Master SPV Ltd. by mutual consent. The offering was negotiated on March 25, and Elbit did not draw down any funds.

Tel Aviv, Israel-based Elbit operates in the fields of commercial and entertainment centers, hotels, image guided treatment, residential projects, fashion apparel and other activities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.