LONDON--Ithaca Energy Inc. (IAE.T) said Monday that Israeli-listed Delek Group Ltd. (DLEKG.TV) wants to buy all the remaining shares of the company it doesn't own for 1.95 Canadian dollars ($1.48) a share, valuing the entire company at C$841 million.

The offer is at an 11% premium to Ithaca's Friday closing price of C$1.75.

Delek already owns 20% of the issued share capital of the company, Ithaca said.

The board recommends to accept the offer, the company said.

-Write to Olga Cotaga at olga.cotaga@wsj.com, Twitter @OlgaCotaga

(END) Dow Jones Newswires

February 06, 2017 02:53 ET (07:53 GMT)