Federmann Group Increases Holdings in Elbit Systems
November 27 2006 - 7:08AM
PR Newswire (US)
HAIFA, Israel, November 27 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) (the "Company") announced that the Federmann
Group purchased today from Koor Industries Ltd. ("Koor") 2,350,000
of the Company's shares. Following the purchase the Federmann Group
owns approximately 45.4% of the Company's outstanding shares.
Concurrently with the purchase of the shares, the Federmann Group
and Koor terminated the shareholders agreement between them entered
into in December 2004 regarding their holdings in the Company's
shares. Also, in connection with the transaction, Jonathan Kolber,
Koor's nominee to the Company's Board of Directors, announced his
resignation as a director of the Company. About Elbit Systems Elbit
Systems Ltd. is an international defense electronics company
engaged in a wide range of defense-related programs throughout the
world. The Elbit Systems Group, which includes the company and its
subsidiaries, operates in the areas of aerospace, land and naval
systems, command, control, communications, computers, intelligence,
surveillance and reconnaissance ("C4ISR"), advanced electro-optic
and space technologies, EW suites, airborne warning systems, ELINT
systems, data links and military communications systems and
equipment. The Group also focuses on the upgrading of existing
military platforms and developing new technologies for defense and
homeland security applications. Contacts Company contact Ilan
Pacholder, Corporate Secretary and VP Finance & Capital Markets
Elbit Systems Ltd. Tel: +972-4-831-6632 Fax: +972-4-831-6659 IR
Contacts Ehud Helft/Kenny Green GK International Tel:
+1-866-704-6710 Fax: +972-3-607-4711 Statements in this press
release which are not historical data are forward-looking
statements which involve known and unknown risks, uncertainties or
other factors not under the company's control, which may cause
actual results, performance or achievements of the company to be
materially different from the results, performance or other
expectations implied by these forward-looking statements. These
factors include, but are not limited to, those detailed in the
company's periodic filings with the securities and exchange
commission. DATASOURCE: Elbit Systems Ltd CONTACT: Contacts:
Company contact: Ilan Pacholder, Corporate Secretary and VP Finance
& Capital Markets, Elbit Systems Ltd., Tel: +972-4-831-6632,
Fax: +972-4-831-6659, ; IR Contacts: Ehud Helft/Kenny Green, GK
International, Tel: +1-866-704-6710, Fax: +972-3-607-4711, ,
Copyright
Elbit Systems (NASDAQ:ESLT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Elbit Systems (NASDAQ:ESLT)
Historical Stock Chart
From Jul 2023 to Jul 2024