(Reuters) - TEL AVIV, July 2 - Israel's ECI Telecom Ltd. said it has agreed to be acquired by a group of investors led by Swarth Group for about $1.2 billion, sending the shares up nearly 5 percent.
ECI shareholders will receive $10 per share in cash on closing, representing a premium of 22 percent over ECI's average closing share price during the 30 trading days to June 15, the telecom equipment maker said in a statement.
Read more at Reuters.com Mergers News
ECI shareholders will receive $10 per share in cash on closing, representing a premium of 22 percent over ECI's average closing share price during the 30 trading days to June 15, the telecom equipment maker said in a statement.
Read more at Reuters.com Mergers News
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