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CII BlackRock Enhanced Capital and Income Fund Inc

19.43
-0.06 (-0.31%)
20 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BlackRock Enhanced Capital and Income Fund Inc NYSE:CII NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.06 -0.31% 19.43 19.5241 19.30 19.49 72,777 01:00:00

IDB Group To Sell 49.9% Stake In Clal Industries To Access Industries

20/05/2012 10:49am

Dow Jones News


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IDB Development Corp. Ltd. said Sunday it has agreed to sell 49.9% of its 60.5% stake in Clal Industries and Investments Ltd. (CII.TV) to Access Industries in an all-cash deal that values all of CII at $665 million.

Under terms of the deal, IDB will receive 16.19 Israeli shekels ($4.23) per share in cash and is a 15.6% premium based on a three-month average closing price for the shares.

After the closing of the deal, current CII Co-Chief Executive Avi Fischer will serve as CII's executive chairman.

CII is a leading Israeli investment company with investments in various industries. Access Industries is a privately held industrial group based in the U.S.

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