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Koor raises offer for extra MAI stake

Makhteshim-Agan Industries (MAI) shareholder Koor Industries has raised its offer for a larger stake in the agrochemical company by over 11%. The new offer is NIS 18 ($4.81) per share. Koor has also extended the deadline for a response to the offer until October 22nd. It previously extended a September 10th deadline to October 1st at the previous offer price of NIS 16.20 ($4.33 at the current rate) per share ( Agrow No 576, p 4).

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