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Shoval ( (IL:SHVL) ) has provided an update.
Shoval has announced a tender offer for the acquisition of land rights, valued at 164,569,000 NIS, which will be effective from May 30, 2024, until May 31, 2024. The tender allows for increasing shareholding in the company incrementally, with the potential to reach 79.99% ownership for a total value of 131,655,000 NIS. The tender includes legal and financial clauses, and the company reserves the right to make amendments or cancel the tender as necessary. This move could significantly impact Shoval’s market positioning by expanding its land assets and increasing stakeholder engagement.
More about Shoval
YTD Price Performance: 9.29%
Average Trading Volume: 104,420
For an in-depth examination of SHVL stock, go to TipRanks’ Stock Analysis page.