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Koor settles with MAI shareholders

Makhteshim-Agan Industries’ (MAI) major shareholder, Koor Industries, has reached a settlement over a class action by MAI shareholders. The litigants’ action concerned the takeover deal for MAI by Chinese state-owned China National Chemical Corporation (ChemChina – Agrow No 607, p 2). The Israeli High Court approved a petition for class action in May, which Koor has contested ( Agrow No 617, p 2).

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