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Article: Elron Announces Update in Connection with the Sale of Its Holding in NetVision.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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Elron Electronic Industries Ltd. (NASDAQ:ELRN)(TASE:ELRN) announced that, further to its previous announcement on August 19, 2009 in relation to the sale of its holding in NetVision Ltd. ("NetVision") to Discount Investment Corporation Ltd. ("DIC") and Clal Industries and Investments Ltd. ("CII") and further to other previous announcements in relation to the aforementioned sale, NetVision informed Elron that the consents to the sale, required under NetVision's and its subsidiaries' licenses (including from the Israeli Ministry of Communications), have been obtained and thus, one of the conditions to closing the aforementioned sale has been fulfilled. The completion of ...