Yaakov Luxembourg mulls Phoenicia Flat Glass takeover

The company's stay of proceedings has been extended.Sources inform ''Globes'' that, following the failure, so far, of the plan to make money by buying Suny Electronics Ltd. (TASE: SUNY) bonds, and possibly use them to take over Partner Communications Ltd. (Nasdaq: PTNR; TASE: PTNR), Yaakov Luxembourg is now considering another deal - the acquisition of Phoenicia Israel-America Flat Glass Ltd.

/a> The troubled company has been operating under a stay of proceedings since August.

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600450 Yaakov Luxembourg mulls Phoenicia Flat Glass takeover glassonweb.com
Date: 16 October 2012
Source: www.globes.co.il

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