Goldstein will buy 51% of the Liraz group. The main sellers will be Discount Investment Corporation, which will sell most of its stake, and Kilman, who will sell 9% of his. The deal will be carried out at a price of NIS 10 per share, a 50% premium over Liraz's NIS 6.66 price on the Tel Aviv Stock Exchange today, and reflecting a market value of $16 million.
The Liraz group lost NIS 33 million in the second quarter, after losing NIS 28 million in the first. Most of the loss was due to the Liraz group's stake in Level 8.
Goldstein said in response that Formula Systems was interested in acquiring control of three or four companies, including the Liraz group, but nothing had been closed at this stage.
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