Elbit series B notes trustees submit liquidation request in Tel Aviv

By Caroline Salls

Pittsburgh, April 4 - Elbit Imaging Ltd. said the trustees of its series B notes submitted a request with the Tel Aviv District Court to liquidate and appoint a temporary liquidator for the company, according to a news release.

The trustees represent an outstanding balance of NIS 16.5 million, or 0.7%, of Elbit's total unsecured debt.

The company has until April 14 to respond to the request. Elbit said it "intends to vigorously defend against it."

Tel Aviv-based Elbit Imaging is a holding company with activities in the fields of commercial and entertainment centers, hotels, image-guided treatment, residential real estate and fashion retail.

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