Omega of Liron Karsin Offers to Acquire Control of Halal Communications

In depth

Omega, a company controlled by Liron Karsin, submitted an offer in the tender for the control shares of Halal Communications. The tender is managed by the controlling-share trustee, Adv. Hagai Ullman. The offer includes a premium of over 25% on the company's current market value.

The tender was launched after a director offered to acquire control for 140 million shekels. Omega offered to invest 48.5 million shekels for 31.5% of Halal shares, at a valuation of 155 million shekels. The Omega company ran the testing system at Ben Gurion Airport during the coronavirus period.

In the past, there were attempts to sell Halal for about 1.5 billion shekels to foreign funds. Today the company's value stands at only 115 million shekels. Completion of the deal is subject to approvals, and the consideration is intended for the creditors of Yorocom.