Israel Canada launches takeover bid for Norstar
The share price of Norstar, which controls real estate company Gazit Globe, has shot up 14% in the wake of the bid.
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The share price of Norstar, which controls real estate company Gazit Globe, has shot up 14% in the wake of the bid.
Israel Canada claims that Norstar's directors breached their fiduciary duty in deciding on a dividend in kind of Gazit Globe shares.
Israel Canada claims that Norstar's directors breached their fiduciary duty in deciding on a dividend in kind of Gazit Globe shares.
Norstar, through which Katzman controls real estate company Gazit Globe, will distribute a dividend in kind of 23.2 million Gazit Globe shares.
Israel has not joined the international sanctions regime on Russia following Putin's invasion of Ukraine, but U.S. and EU sanctions rules are so tough this time, that Israeli companies will have few loopholes to exploit