After a 96% destruction of value since its flotation, two shareholders seek to replace the digital insurance company's co-founder and chairperson, who has already been replaced as CEO.
Clal Insurance is buying 20% of the Africa Israel Residences urban renewal subsidiary, and also investing investing in a joint venture with the parent company.
Cancellation of the merger with Intel leaves Tower still well positioned in its market, and an attractive target for other bidders, analysts who cover the company say.