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Elbit Sells Ashot Subsidiary for $88M

Elbit Sells Ashot Subsidiary for $88M

HAIFA, Israel — Elbit Systems Ltd. announced today the signing of a definitive agreement for the sale of all ordinary shares held by its wholly-owned Israeli subsidiary, IMI Systems Ltd., in IMI’s 84.98%-owned subsidiary, Ashot Ashkelon Industries Ltd. (Ashot) and all capital notes of Ashot held b…

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