The Challenge for the Pilots: Raising NIS 100 Million to Buy Shares in the Real Estate Company They Founded
The founders of the urban renewal company 'Anshei Ha'ir' announced the exercise of their right of first refusal to Tzachi Abu's offer to purchase Rothstein's shares in the company at a valuation of NIS 240…
Assessment
Founders of an urban renewal company are exercising a right of first refusal to block an external investor's purchase of a partner's shares, arguing that the offer undervalues the firm. The move requires them to raise 100 million shekels, putting their own capital at risk to maintain control. The immediate test is whether they can secure the funds to match the competing bid.