Israeli investment holding company Koor Industries is to acquire 32.5% of defence contractor Tadiran Communications for $141 million. Koor acquired the shares from Trefoil Israel Partner II (part of the Shamrock group) and FIMI Israel Mezzanine Fund. The transaction is due to be completed within the next 90 days subject to the approval by Israel's ministry of defence and anti-trust authority.
Source: Flight International