The latest announcement is out from B Communication ( (IL:BCOM) ).
B Communications Ltd., traded on the Tel Aviv Stock Exchange under the symbol BCOM, is focused on legal actions regarding a recent transaction involving its subsidiary. The company’s board has approved a plan to file a derivative lawsuit against its parent company and controlling shareholder, arguing that the cash consideration received from the completed sale of its subsidiary’s shares does not reflect the subsidiary’s actual value. Legal preparations for the lawsuit are underway, and shareholders will be updated on its progress.
More about B Communication
YTD Price Performance: 45.35%
Average Trading Volume: 133
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $605.2M
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