Last 66.80
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As of 10:24 AM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

elbit imaging ltd (EMIT) Snapshot

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52 Week High
08/26/13 - $563.00
52 Week Low
02/23/14 - $55.00
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elbit imaging ltd (EMIT) Details

Elbit Imaging Ltd., together with its subsidiaries, is engaged in commercial and entertainment centers, hotels, medical, residential projects, and fashion apparel businesses in Israel, Western Europe, Central and Eastern Europe, and internationally. The company operates through Hotels, Commercial Centers, Medical Industries, Fashion Apparel, and Residential segments. It initiates, constructs, and sells commercial and entertainment centers, as well as other mixed-use real property projects, such as offices, residential units, conference centers, and leisure facilities; and residential and other mixed-use real property projects located primarily in India. The company also operates and manages hotels. In addition, it is involved in the research and development, production, and marketing of magnetic resonance imaging guided focused ultrasound treatment equipment; and development of stem cell population expansion technologies, and stem cell therapy products for transplantation and regenerative medicine. Further, the company distributes, markets, and retails fashion apparel and accessories under the MANGO-MNG brand name. It operates 28 stores in Israel. The company was founded in 1996 and is headquartered in Bnei Brak, Israel.

Founded in 1996

elbit imaging ltd (EMIT) Top Compensated Officers

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elbit imaging ltd (EMIT) Key Developments

Elbit Imaging Ltd. Appoints Board of Directors

Elbit Imaging Ltd. appointed Mr. Ron Hadassi and Mr. David Dekel to its board of directors with immediate effect.

Elbit Imaging Ltd. Approves Amendments to Memorandum and Articles of Association

Elbit Imaging Ltd. announced that it has scheduled its 2014 annual shareholders meeting to take place on August 14, 2014 to approve related amendments to Memorandum and Articles of Association.

Elbit Imaging Ltd. Reaches Settlement Agreement with Bank Leumi Le Israel B.M

Elbit Imaging Ltd. announced that the company and Bank Leumi Le Israel B.M. have reached an agreement on the terms of a proposed settlement of the parties disputes with respect to the company's debt to Bank Leumi. The consummation of the settlement is subject to the approval of the Tel-Aviv District Court. As per the Settlement, Bank Leumi would receive ownership of all marketable securities held in the company's accounts at Bank Leumi and will offset the fair value of such securities (approximately ILS 8.7 million based on their quoted market price) against the company's debt. In addition, the ordinary shares and notes deposited in trust for the benefit of Bank Leumi pursuant to the company's debt restructuring would be transferred to Bank Leumi, after deduction of such amount of ordinary shares and notes equal in value to the Offset Amount. The settlement would constitute the full settlement of the company's obligations to Bank Leumi under the debt restructuring as well as the loan agreement entered between the parties on May 5, 2011, and Bank Leumi would release any lien registered for its benefit on the company's assets. The settlement also includes a mutual waiver of claims. The balance of the ordinary shares and notes retained in trust will be cancelled.


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