Published on 4/14/2005 in the Prospect News PIPE Daily.
New Issue: Koor Industries raises NIS 49.8 million in private placement of stock
By Sheri Kasprzak
Atlanta, April 14 - Koor Industries Ltd. said it has completed a private placement if stock for NIS 49,808,639.
The company sold 193,229 shares at NIS 257.77, a price that represents a 1.5% discount from Koor's closing price on April 13.
Based in Tel Aviv, Koor Industries is a holding company for telecommunications interests.
Issuer: | Koor Industries Ltd.
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Issue: | Stock
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Amount: | NIS 49,808,639
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Shares: | 193,229
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Price: | NIS 257.77
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Warrants: | No
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Settlement date: | April 14
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Stock price: | NIS 264.00 at close April 14
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