Elron units plan TA stock sales

Elron Electronic Industries Ltd. said Sunday that three of its group companies have filed requests with the Israeli Securities Authority for a public offering of shares on the Tel Aviv Stock Exchange.

By JERUSALEM POST BUSINESS STAFF
April 30, 2007 07:26

Elron Electronic Industries Ltd. said Sunday that three of its group companies have filed requests with the Israeli Securities Authority for a public offering of shares on the Tel Aviv Stock Exchange. BrainsGate Ltd., in which Elron holds approximately 22%, Starling Advanced Communications Ltd., in which Elron holds approximately 27% directly and approximately 46% indirectly through its 50.1% held subsidiary, RDC - Rafael Development Corporation, and SELA - Semiconductor Engineering Laboratories Ltd., in which it holds approximately 12% directly and approximately 54% indirectly through RDC, are all seeking to offer stock on the TASE and intend to list on the exchange during the second quarter of this year, or as soon as possible thereafter.


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