Elbit Imaging sells Elbit Medical shares to Exigent for $5M

|About: Elbit Medical Technologies Ltd (ELBDF)|By:, SA News Editor

Elbit Imaging (NASDAQ:EMITF) sells an additional 19.4M of Elbit Medical Technologies (OTC:ELBDF) shares to an affiliate of Exigent Capital Group at a price of NIS 0.96 per share for a total of $5M.

The shares sold represent about 8% of Elbit Medical's outstanding share capital. As a result Elbit Imaging reduced its stake in Elbit Medical to about 66% and Exigent increased its stake to 23%.

Previously: Elbit Imaging reports Q3 results (Dec. 2, 2016)

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