Yossi Willi Management Investments Ltd and Zvi V & Co. Company Ltd signed a merger agreement to acquire remaining 14.89% stake in B.S.D Crown Ltd. (OTCPK:BLZS.F) for £5.8 million.
The transaction is subject to Israeli Statutory Waiting Periods, approval of majority shareholders of B.S.D in a meeting scheduled to be held at April 27, 2021. On April 27, 2021, shareholders of B.S.D Crown Ltd. has approved the transaction. An independent committee comprised of three directors of B.S.D. established to assess the merits of the deal. The independent committee considers the terms of the transaction to be fair and reasonable and in the best interests of the shareholders and unanimously recommends that shareholders vote in favor of the transaction.
Lior Porat of Gornitzky & Co and Mike Rimon of Meitar Liquornik Geva Leshem Tal & Co acted as the legal advisor, S-Cube Financial Consulting Ltd. acted as the financial advisor, Beta Finance Ltd acted as the supplementary expert opinion provider and Computershare Investor Services PLC acted as the paying agent for B.S.D Crown Ltd. The transaction is expected to close by May 30, 2021.