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Elbit proposes to complete purchase of Elscint

This article was originally published in Clinica

Executive Summary

Elbit Medical Imaging, the holding company for Elscint, wants to buy up all Elscint shares in an offer worth about $99 million. Elbit already holds a 57% stake in Elscint, and has offered stockholders $14 a share, a 21% premium over the closing price registered on the New York Stock Exchange before the proposal was made on February 17.

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