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FIMI to be Magal's majority shareholder

August 4, 2014SSN Staff

YAHUD, Israel—Magal Security Systems, a provider of solutions and products for physical and cyber security, announced July 30 that FIMI Opportunity Fund, a private equity fund based in Israel, has entered into an agreement with Ki Corporation Limited, to acquire from Ki approximately 40 percent of Magal's outstanding shares at a price of $3.50 per share. In addition, FIMI will pay Ki an additional consideration subject to the occurrence of certain conditions. Following the close of the deal,...

FIMI Opportunity Fund, Ki Corporation, Magal Security Systems, Security Systems News (SSN)

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