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Isramco Inc (ISRL.OQ)

ISRL.OQ on NASDAQ Stock Exchange Capital Market

111.11USD
18 Jan 2019
Change (% chg)

$-1.49 (-1.32%)
Prev Close
$112.60
Open
$114.65
Day's High
$114.65
Day's Low
$111.11
Volume
291
Avg. Vol
414
52-wk High
$135.05
52-wk Low
$92.00

Latest Key Developments (Source: Significant Developments)

Naphtha - Delivered A Proposal Letter To Isramco To Acquire Shares Not Currently Owned By Naphtha Or Units For $110.36 Per Share In Cash
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Isramco Inc ::NAPHTHA - DELIVERED A PROPOSAL LETTER TO ISRAMCO TO ACQUIRE SHARES NOT CURRENTLY OWNED BY NAPHTHA OR UNITS FOR $110.36 PER SHARE IN CASH.NAPHTHA - THROUGH PROPOSED OFFER, INTEND FOR ISRAMCO TO BECOME A PRIVATELY OWNED SUBSIDIARY OF NAPHTHA.NAPHTHA - HAS NO INTEREST IN DISPOSITION OR SALE OF ITS HOLDINGS IN ISRAMCO , NOR WOULD IT EXPECT TO VOTE IN FAVOR OF ANY ALTERNATIVE SALE, MERGER.NAPHTHA - EXPECTS SPECIAL COMMITTEE APPOINTED BY ISRAMCO BOARD WILL ENGAGE ITS OWN LEGAL AND FINANCIAL ADVISORS TO ASSIST IN REVIEW - SEC FILING.NAPHTHA - PROPOSED ISRAMCO OFFER WILL BE SUBJECT TO NON-WAIVABLE CONDITION REQUIRING APPROVAL OF MAJORITY OF SHARES NOT OWNED BY NAPHTHA OR AFFILIATES.NAPHTHA - EXPECT THAT ISRAMCO TRANSACTION WOULD BE STRUCTURED AS A REVERSE TRIANGULAR MERGER.NAPHTHA - WILL NOT MOVE FORWARD WITH ISRAMCO TRANSACTION UNLESS IT IS APPROVED BY A SPECIAL COMMITTEE.NAPHTHA - NAPHTHA AND ITS SUBSIDIARIES OWN 70.74% OF THE OUTSTANDING SHARES OF COMMON STOCK OF ISRAMCO.  Full Article

Isramco Board nominated Edy Francis to serve as CFO
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Isramco Inc :Isramco - ‍on Nov 3, Nominating & Corporate Governance Committee of Board nominated Edy Francis to serve as CFO.Isramco Inc says ‍on Nov 3, Board unanimously approved Edy Francis and Haim Tsuff to serve as Co-Chief Executive Officers of co - SEC filing​.  Full Article

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