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B Communication ( (IL:BCOM) ) has issued an update.
B Communications Ltd. reported that a derivative action request regarding a content purchase transaction between Bezeq and ‘yes’ was submitted by a shareholder. To avoid litigation costs, the company entered negotiations and found the transaction to be legally compliant, without any misconduct. The company aims to settle the matter without liability or financial compensation, reaffirming its commitment to corporate governance.
More about B Communication
B Communications Ltd. operates in the telecommunications industry and is involved in providing communication services primarily through its engagement with Bezeq – The Israel Telecommunication Corp Ltd. and DBS Satellite Services. The company’s market focus includes content transactions and maintaining corporate governance standards.
YTD Price Performance: 45.35%
Average Trading Volume: 133
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $605.2M
Learn more about BCOM stock on TipRanks’ Stock Analysis page.