Brief: Isramco Enters Into Agreement That Would Result In Company Going Private

Israel Acquisitions

20/05/2019 23:23

May 20 (Reuters) - Isramco Inc  ISRL.O :
    * ISRAMCO INC - ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD
RESULT
IN COMPANY GOING PRIVATE
    * ISRAMCO INC - HOLDERS OF COMPANY'S OUTSTANDING SHARES OF COMMON STOCK WILL
RECEIVE US $121.40 PER SHARE IN CASH
    * ISRAMCO INC - ISRAMCO WILL BECOME AN INDIRECT WHOLLY OWNED SUBSIDIARY OF
NAPHTHA
    * ISRAMCO INC - ISRAMCO IS EXPECTED TO REMAIN HEADQUARTERED IN HOUSTON,
TEXAS
    * ISRAMCO INC - MERGER IS NOT SUBJECT TO A FINANCING CONDITION.

Source text for Eikon:  ID:nGNX8dL9vr 
Further company coverage:  ISRL.O 

 ((Reuters.Briefs@thomsonreuters.com;))