Deals
Ormat May Restructure With U.S. Unit Acquiring Parent
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Ormat Technologies Inc., a U.S. developer of geothermal power, may acquire its Tel Aviv-based parent company in an all-stock merger.
The arrangement would mean Ormat Industries Ltd. would de-list in Israel, with shareholders receiving stakes in the U.S.- based company, according to a filing today with the Tel Aviv Stock Exchange. Ormat Industries has a market value of 3.06 billion shekels ($813 million).