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Dr. Amiram Binyamini has issued a temporary injunction preventing Moti Ben-Moshe from being voted off the IDB Development board.
Moti Ben-Moshe is refusing Eduardo Elsztain's demand for sole control of the controlling interest.
Ben-Moshe told the Discount Investments board that he is ready and willing to inject $153 million into the company.
Eduardo Elsztain made further cash injections into IDB Development conditional on him being recognized as sole controlling shareholder.
Ben-Moshe and Elsztain bought control of IDB last year, from the previous controlling shareholder Nochi Dankner, who got into a debilitating amount of debt.
The rights issue today is part of a power struggle between Moti Ben-Moshe and Eduardo Elsztain to control IDB Development. Businessman Moti...
– Eduardo Elzstain and Moti Ben-Moshe face opposition by Discount Investment bondholders to IDB’s $53 million dividend. – Following opposition by the company’s trustees,...
– The two are exercising warrants at 43% above Thursday’s closing price. IDB Development shares are rising strongly. – The controlling shareholders in...
– – The two disagree over Elsztain’s personal responsibility for future rights issues and offers to purchase.Is the partnership between IDB Holding Corp. Ltd. (TASE:IDBH) controlling...
– Nochi Dankner has filed “an urgent motion for the gathering of evidence”. – – Former IDB Holding Corp. Ltd. (TASE:IDBH) chairman Nochi Dankner today filed...