FIMI Opportunity Funds (FIMI) has announced a cash special tender offer to purchase 8,669,029 ordinary shares of Magal Security Systems Ltd. (Nasdaq: Magal, led by CEO Dror Sharon, operates through two divisions, as a systems integrator for security systems and its Senstar division with software products and video surveillance and analysis systems.
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Magal’s share price closed down 1.33% on Friday at $2.96, giving a market cap of $68.54 million.
Published by Globes, Israel business news – en.globes.co.il – on May 24, 2020
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