Israel UAV Maker Aeronautics Gets 850 Million Shekel Buyout Offer

www.oann.com | 6/11/2018 | Staff
Celtics2212 (Posted by) Level 3
JERUSALEM (Reuters) – Israeli unmanned aerial vehicle maker Aeronautics said on Sunday it received an offer to be acquired by state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero for 850 million shekels ($232 million).

Aeronautics, which has a market value of 507 million shekels, said the offer for all its shares would be done as a reverse merger executed through a company jointly owned by Rafael and Stolero.

Aeronautics

Aeronautics would become private...
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