Brief: SHL Telemedicine says Israeli court to approve SHL's claim in connection with breach of merger agreement
20/06/2017 06:00
June 20 (Reuters) - SHL TELEMEDICINE LTD SHLTN.S :
* ISRAELI COURT TO APPROVE SHL'S CLAIM IN CONNECTION WITH
BREACH OF MERGER AGREEMENT
* DISTRICT COURT OF TEL AVIV HAS RULED IN FAVOR OF SHL WITH
REGARDS TO ITS CLAIM AGAINST SHANGHAI JIUCHUAN INVESTMENT
(GROUP) CO LTD. IN CONNECTION WITH MERGER AGREEMENT TERMINATED
ON 1 DEC 2015
* COURT HAS ORDERED THAT RELATED FUNDS IN ESCROW IN ISRAEL
IN AMOUNT OF APPROXIMATELY USD 3.5 MILLION, WILL BE PAID TO SHL
WITHIN SEVEN DAYS AND DEDUCTED FROM TOTAL AMOUNT AWARDED
Source text for Eikon: ID:nTENhfwxga
Further company coverage: SHLTN.S
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
Recent news on SHL Telemedicine
See all newsBrief: SHL Says Write-Off Of Goodwill Allocated To German Operations Of About $13 Million
Brief: SHL Telemedicine Acquisition Of Remaining 30% Stake Of Mediton Group
Brief: SHL Telemedicine To Purchase Remaining 30% Stake In Mediton Group For NIS 31.1 Million
Brief: Docgo Expanded Partnership With SHL Telemedicine
Brief: Y.D More Investments Reports 12.9% Passive Stake In SHL Telemedicine As Of Sept 30