Arkia employees scramble to find rival investor by Monday to counter $45 million sale deal
Detailed summary
An investor group has signed a $45 million deal to take control of Israeli airline Arkia, weeks after rival Israir said it was in talks to buy it. Employees have until Monday to match the offer.
Arkia employees are scrambling to find a rival investor by Monday to counter a $45 million deal to buy the airline, signed by a group of private investors.After an emotionally charged night of negotiations between Arkia employees and the group of buyers, led by Yariv Lerner, Kidan Dahari, Yaron Adiv, and Einav Adiv-Berar, talks on the sale are moving to the next stage. The employees' corporation has three days, until Monday afternoon, to match the offer signed with the Nakash brothers.The talks ended at around 3 a.m.
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