Tag: EL Al Airlines

Eli Rozenberg, the 30-year-old scion of a New York family in the nursing home business, made his offer on Monday for control of El Al Airlines, Israel’s flag carrier. He said that he and his family were prepared to pay $75 million for an allocation of shares that would give him a 44.99% stake. According to a report by Haaretz, the stake is the maximum he can offer to achieve control of Israel’s flag carrier without having to make a general offer for all the shares, under Israeli regulations. The offer, which was presented to the Israel Companies Authority and the ... Read more