Yaakov Luxembourg mulls Phoenicia Flat Glass takeover

Date: 16 October 2012
Source: www.globes.co.il

Date: 16 October 2012

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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