Alon Holdings - Blue Square Israel Ltd (BSI) 3.19 $BSI
Alon Blue Square Announces Updated Timeline for Closing of Debt Arrangement
PR Newswire - Wed Aug 31, 7:49AM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company"
announced today the updated timeline for the closing of the debt reorganization and arrangement between the Company and its financial creditors and shareholders under Section 350 of the Israeli Companies Law, 5759-1999 following the recent final approval of the debt arrangement by the District Court in Lod, Israel, as revised per our announcement on August 10, 2016.
BSI: 3.19 (unch)
Alon Blue Square Announces Final Court Approval of Debt Arrangement
PR Newswire - Mon Aug 29, 5:50AM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company" announced today that on August 28, 2016, the District Court in Lod, Israel gave its final approval for the proposed debt arrangement between the Company and its financial creditors and shareholders under Section 350 of the Israeli Companies Law, 5759-1999, as revised per our announcement on August 10, 2016.
BSI: 3.19 (unch)
Alon Blue Square Announces Contemplated Timeline for Closing of Proposed Debt Arrangement
PR Newswire - Tue Aug 23, 2:04PM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company" announced today that further to its announcement dated August 16, 2016, the Company's controlling shareholder, Alon Israel Oil Company Ltd., or Alon Oil, has notified the Court that despite the rejection by the holders of Alon Oil's Series A Debentures of the amendments to the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-1999, Alon Oil has approved the proposed amendments to the debt arrangement.
BSI: 3.19 (unch)
Alon Blue Square Notified of Deferral of Record Date and Payment Date for Series C Debentures
PR Newswire - Sun Aug 21, 7:50AM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company" announced today that it was notified by the trustee for the Series C Debentures that (until a decision is otherwise made by the holders of the Series C Debentures), the record date for the payment of the outstanding principal and interest on the Series C Debentures (the "Payment" was postponed to September 6, 2016 and the payment date for the Payment was postponed to September 20, 2016.
BSI: 3.19 (unch)
Alon Blue Square Announces Results of Votes on Plan of Debt Arrangement
PR Newswire - Tue Aug 16, 8:42AM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company" announced today that further to its announcement dated August 10, 2016, in connection with the approval of the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-1999 (the "Settlement" and the "Companies Law", by the District court in Lod (the "Court", subject to receipt of approval of the proposed amendments by the holders of the Company's Series C Debentures, the holders of the Company's controlling shareholder's Series A Debentures and certain financial creditors of the proposal to amend the Settlement (the "Amendment Proposal", that:
BSI: 3.19 (unch)
Alon Blue Square Announces Resignation of Tal Yeshua as Director
PR Newswire - Mon Aug 15, 1:25PM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company" announced today the resignation of Mr. Tal Yeshua as a member of the Company's board of directors effective immediately. The Board of Directors thanks Mr. Tal Yeshua for his contribution to the Company.
BSI: 3.19 (unch)
Alon Blue Square Announces Appointment of Mr. Moti Ben-Moshe as New Director
PR Newswire - Fri Aug 12, 8:03AM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company" announced today that in accordance with the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-199, the Company's board of directors has approved the appointment of Mr. Moti Ben-Moshe as a new director of the Company effective immediately.
BSI: 3.19 (unch)
Alon Blue Square Announces Approval by Court of Plan of Debt Arrangement Subject to Approval of Amendments to Plan
PR Newswire - Wed Aug 10, 4:23PM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company" announced today that following approval by the Company's shareholders and financial creditors, the District Court in Lod, Israel approved the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-1999, and discussed the following amendments to the proposed arrangement:
BSI: 3.19 (unch)
Alon Blue Square Announces Revised Proposed Debt Arrangement Filed With District Court
PR Newswire - Mon Jun 20, 2:52PM CDT
Alon Blue Square Also Announces Filing Of Response To Notification Of Official Receiver Regarding Appointment Of Expert To Evaluate Value And Rights Of Minority Shares
BSI: 3.19 (unch)
Alon Blue Square Announces Submission to Court of Its Position Regarding Payment to Non-Controlling Shareholders in Proposed Plan of Arrangement
PR Newswire - Mon Jun 06, 3:57PM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company" announced today that it had submitted to the Israeli District Court in Lod, Israel its position that in the absence of the transaction with Ben-Moshe it is highly likely that the minority shareholders would be left with no value. Nonetheless in the Company's view, the controlling shareholder is expected to receive some consideration as part of the transaction with Ben-Moshe for its Company shares (after taking into account the consideration being paid to the controlling shareholder for the other assets to be sold to Ben-Moshe). In order to create equality between the controlling shareholder and the non-controlling shareholders, the Company believes the non-controlling shareholders should receive as part of the Company's plan of arrangement a payment for their shares, equivalent to the amount determined to be paid to the controlling shareholder for its Company shares on a pro rata basis to the holdings of the non-controlling shareholder. In the Company's view, the payment to the non-controlling shareholders would not be material and less than 1% of the amount of debt to be repaid as part of the plan of arrangement. This submission was made by the Company following examinations of this issue by the Company's audit committee. Ben-Moshe's position is that the NIS 115 million to be paid to the controlling shareholder is for the rights and obligations to the loans extended by the controlling shareholder to the Company in the aggregate principal amount of NIS 170 million. Additional information on the Company's court submission will be submitted to the Securities and Exchange Commission on Form 6-K.
BSI: 3.19 (unch)
Alon Blue Square Announces Resignation of Keren Bar-Hava as Director
PR Newswire - Thu Jun 02, 8:36AM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company" announced today the resignation of Ms. Keren Bar-Hava as a member of the Company's board of directors effective immediately. Ms. Bar-Hava also served on the Company's audit committee. The Board of Directors thanks Ms. Bar-Hava for her contribution to the Company.
BSI: 3.19 (unch)
Alon Blue Square Approves Settlement Agreement Between the Company, Trustees of Mega Retail and a Company Under the Control of Mr. Moti Ben Moshe
PR Newswire - Tue May 31, 2:39PM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company" announced today that it has approved the settlement agreement between the Company, the trustees of Mega Retail, and a company controlled by Mr. Moti Ben Moshe, which would acquire, subject to satisfaction of closing conditions, control of the Company under the proposed debt reorganization and arrangement filed with the Israeli District Court in Lod, Israel on May 25, 2016. The agreement generally provides for the settlement of all lawsuits and claims between Mega Retail and the Company, and the parties also agreed to certain mutual waiver of claims against each other.
BSI: 3.19 (unch)
Alon Blue Square Announces Receipt of Lawsuit and a Motion for the Recognition of Lawsuit as a Class Action
PR Newswire - Tue May 31, 11:07AM CDT
Alon Blue Square Israel Ltd. (NYSE: BSI; OTC: BSIRY) (the "Company" announced today, that a lawsuit and a motion for the recognition of the lawsuit as a class action was filed against the Company in the District Court in Lod, Israel. The plaintiffs are requesting that the Court declare that the affairs of the Company are being managed in a manner that oppresses the rights of its shareholders or that the Company's affairs are being managed in a manner which may raises significant concerns that the rights of the Company's minority shareholders will be oppressed. In addition, the plaintiffs are requesting that the Court declare and deem the proposed debt reorganization and arrangement filed with the Court on May 25, 2016 as a debt arrangement that will oppress minority shareholders. The allegations of the plaintiffs are due to the fact that the proposed arrangement provides for acquisition by Mr. Ben-Moshe of all the outstanding shares of the Company for no consideration, which was a condition of Ben-Moshe for the revised plan of arrangement ("share cancellation condition".
BSI: 3.19 (unch)
Alon Blue Square Clarifies Ticker Symbol on Over-the-Counter
PR Newswire - Fri May 27, 11:02AM CDT
Alon Blue Square Israel Ltd. (NYSE: BSI; OTC:BSIRY) (the "Company" clarified today, following its announcement yesterday, that its new ticker symbol on the over-the-counter ("OTC" market is "BSIRY", and not as previously reported.
BSI: 3.19 (unch)
Alon Blue Square Announces Settlement Agreement Between Trustees of Mega Retail and a Company Under the Control of Mr. Moti Ben Moshe
PR Newswire - Thu May 26, 12:01PM CDT
Alon Blue Square Israel Ltd. (NYSE: BSI) (the "Company" announced today that a settlement agreement, subject to satisfaction of closing conditions, has been reached between trustees of Mega Retail and a company controlled by Mr. Moti Ben Moshe, which would acquire, subject to satisfaction of closing conditions, control of the Company under the proposed debt reorganization and arrangement filed with the Israeli District Court in Lod, Israel on May 25, 2016. The agreement generally provides for the settlement of all lawsuits and claims between Mega Retail and the Company.
BSI: 3.19 (unch)
Alon Blue Square Israel American Depositary Shares to Move to Over-the-Counter Market
PR Newswire - Thu May 26, 5:10AM CDT
Alon Blue Square Israel Ltd. (NYSE: BSI) (the "Company" announced today that on May 25, 2015 the New York Stock Exchange (the "NYSE" delivered a written notice to Alon Blue Square and issued a press release announcing that trading of the Company's American Depositary Shares (ADSs) would be suspended immediately. The NYSE also announced that the staff of NYSE Regulation would commence proceedings to delist the ADSs from the NYSE.
BSI: 3.19 (unch)
Alon Blue Square Announces Revised Filing with Israeli Court to Convene a Meeting of Financial and Certain Other Creditors for Arrangement with Financial Creditors and Such Other Creditors
PR Newswire - Wed May 25, 6:35AM CDT
At request of Mr. Moti Ben-Moshe, arrangement currently provides that all outstanding shares are to be transferred to Ben Moshe, for no consideration, from the existing shareholders or are to be erased and nullified, for no consideration to the existing shareholders
BSI: 3.19 (unch)
Alon Blue Square Announces Updated Timeline for Closing of Debt Arrangement
PR Newswire - Wed Aug 31, 7:49AM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company"
announced today the updated timeline for the closing of the debt reorganization and arrangement between the Company and its financial creditors and shareholders under Section 350 of the Israeli Companies Law, 5759-1999 following the recent final approval of the debt arrangement by the District Court in Lod, Israel, as revised per our announcement on August 10, 2016. BSI: 3.19 (unch)
Alon Blue Square Announces Final Court Approval of Debt Arrangement
PR Newswire - Mon Aug 29, 5:50AM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company"
announced today that on August 28, 2016, the District Court in Lod, Israel gave its final approval for the proposed debt arrangement between the Company and its financial creditors and shareholders under Section 350 of the Israeli Companies Law, 5759-1999, as revised per our announcement on August 10, 2016. BSI: 3.19 (unch)
Alon Blue Square Announces Contemplated Timeline for Closing of Proposed Debt Arrangement
PR Newswire - Tue Aug 23, 2:04PM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company"
announced today that further to its announcement dated August 16, 2016, the Company's controlling shareholder, Alon Israel Oil Company Ltd., or Alon Oil, has notified the Court that despite the rejection by the holders of Alon Oil's Series A Debentures of the amendments to the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-1999, Alon Oil has approved the proposed amendments to the debt arrangement. BSI: 3.19 (unch)
Alon Blue Square Notified of Deferral of Record Date and Payment Date for Series C Debentures
PR Newswire - Sun Aug 21, 7:50AM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company"
announced today that it was notified by the trustee for the Series C Debentures that (until a decision is otherwise made by the holders of the Series C Debentures), the record date for the payment of the outstanding principal and interest on the Series C Debentures (the "Payment" was postponed to September 6, 2016 and the payment date for the Payment was postponed to September 20, 2016. BSI: 3.19 (unch)
Alon Blue Square Announces Results of Votes on Plan of Debt Arrangement
PR Newswire - Tue Aug 16, 8:42AM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company"
announced today that further to its announcement dated August 10, 2016, in connection with the approval of the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-1999 (the "Settlement" and the "Companies Law", by the District court in Lod (the "Court", subject to receipt of approval of the proposed amendments by the holders of the Company's Series C Debentures, the holders of the Company's controlling shareholder's Series A Debentures and certain financial creditors of the proposal to amend the Settlement (the "Amendment Proposal", that: BSI: 3.19 (unch)
Alon Blue Square Announces Resignation of Tal Yeshua as Director
PR Newswire - Mon Aug 15, 1:25PM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company"
announced today the resignation of Mr. Tal Yeshua as a member of the Company's board of directors effective immediately. The Board of Directors thanks Mr. Tal Yeshua for his contribution to the Company. BSI: 3.19 (unch)
Alon Blue Square Announces Appointment of Mr. Moti Ben-Moshe as New Director
PR Newswire - Fri Aug 12, 8:03AM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company"
announced today that in accordance with the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-199, the Company's board of directors has approved the appointment of Mr. Moti Ben-Moshe as a new director of the Company effective immediately. BSI: 3.19 (unch)
Alon Blue Square Announces Approval by Court of Plan of Debt Arrangement Subject to Approval of Amendments to Plan
PR Newswire - Wed Aug 10, 4:23PM CDT
Alon Blue Square Israel Ltd. (OTC:BSIRY) (the "Company"
announced today that following approval by the Company's shareholders and financial creditors, the District Court in Lod, Israel approved the proposed debt reorganization and arrangement between the Company and its financial creditors under Section 350 of the Israeli Companies Law, 5759-1999, and discussed the following amendments to the proposed arrangement: BSI: 3.19 (unch)
Alon Blue Square Announces Revised Proposed Debt Arrangement Filed With District Court
PR Newswire - Mon Jun 20, 2:52PM CDT
Alon Blue Square Also Announces Filing Of Response To Notification Of Official Receiver Regarding Appointment Of Expert To Evaluate Value And Rights Of Minority Shares
BSI: 3.19 (unch)
Alon Blue Square Announces Submission to Court of Its Position Regarding Payment to Non-Controlling Shareholders in Proposed Plan of Arrangement
PR Newswire - Mon Jun 06, 3:57PM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company"
announced today that it had submitted to the Israeli District Court in Lod, Israel its position that in the absence of the transaction with Ben-Moshe it is highly likely that the minority shareholders would be left with no value. Nonetheless in the Company's view, the controlling shareholder is expected to receive some consideration as part of the transaction with Ben-Moshe for its Company shares (after taking into account the consideration being paid to the controlling shareholder for the other assets to be sold to Ben-Moshe). In order to create equality between the controlling shareholder and the non-controlling shareholders, the Company believes the non-controlling shareholders should receive as part of the Company's plan of arrangement a payment for their shares, equivalent to the amount determined to be paid to the controlling shareholder for its Company shares on a pro rata basis to the holdings of the non-controlling shareholder. In the Company's view, the payment to the non-controlling shareholders would not be material and less than 1% of the amount of debt to be repaid as part of the plan of arrangement. This submission was made by the Company following examinations of this issue by the Company's audit committee. Ben-Moshe's position is that the NIS 115 million to be paid to the controlling shareholder is for the rights and obligations to the loans extended by the controlling shareholder to the Company in the aggregate principal amount of NIS 170 million. Additional information on the Company's court submission will be submitted to the Securities and Exchange Commission on Form 6-K. BSI: 3.19 (unch)
Alon Blue Square Announces Resignation of Keren Bar-Hava as Director
PR Newswire - Thu Jun 02, 8:36AM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company"
announced today the resignation of Ms. Keren Bar-Hava as a member of the Company's board of directors effective immediately. Ms. Bar-Hava also served on the Company's audit committee. The Board of Directors thanks Ms. Bar-Hava for her contribution to the Company. BSI: 3.19 (unch)
Alon Blue Square Approves Settlement Agreement Between the Company, Trustees of Mega Retail and a Company Under the Control of Mr. Moti Ben Moshe
PR Newswire - Tue May 31, 2:39PM CDT
Alon Blue Square Israel Ltd. (OTC: BSIRY) (the "Company"
announced today that it has approved the settlement agreement between the Company, the trustees of Mega Retail, and a company controlled by Mr. Moti Ben Moshe, which would acquire, subject to satisfaction of closing conditions, control of the Company under the proposed debt reorganization and arrangement filed with the Israeli District Court in Lod, Israel on May 25, 2016. The agreement generally provides for the settlement of all lawsuits and claims between Mega Retail and the Company, and the parties also agreed to certain mutual waiver of claims against each other. BSI: 3.19 (unch)
Alon Blue Square Announces Receipt of Lawsuit and a Motion for the Recognition of Lawsuit as a Class Action
PR Newswire - Tue May 31, 11:07AM CDT
Alon Blue Square Israel Ltd. (NYSE: BSI; OTC: BSIRY) (the "Company"
announced today, that a lawsuit and a motion for the recognition of the lawsuit as a class action was filed against the Company in the District Court in Lod, Israel. The plaintiffs are requesting that the Court declare that the affairs of the Company are being managed in a manner that oppresses the rights of its shareholders or that the Company's affairs are being managed in a manner which may raises significant concerns that the rights of the Company's minority shareholders will be oppressed. In addition, the plaintiffs are requesting that the Court declare and deem the proposed debt reorganization and arrangement filed with the Court on May 25, 2016 as a debt arrangement that will oppress minority shareholders. The allegations of the plaintiffs are due to the fact that the proposed arrangement provides for acquisition by Mr. Ben-Moshe of all the outstanding shares of the Company for no consideration, which was a condition of Ben-Moshe for the revised plan of arrangement ("share cancellation condition". BSI: 3.19 (unch)
Alon Blue Square Clarifies Ticker Symbol on Over-the-Counter
PR Newswire - Fri May 27, 11:02AM CDT
Alon Blue Square Israel Ltd. (NYSE: BSI; OTC:BSIRY) (the "Company"
clarified today, following its announcement yesterday, that its new ticker symbol on the over-the-counter ("OTC" market is "BSIRY", and not as previously reported. BSI: 3.19 (unch)
Alon Blue Square Announces Settlement Agreement Between Trustees of Mega Retail and a Company Under the Control of Mr. Moti Ben Moshe
PR Newswire - Thu May 26, 12:01PM CDT
Alon Blue Square Israel Ltd. (NYSE: BSI) (the "Company"
announced today that a settlement agreement, subject to satisfaction of closing conditions, has been reached between trustees of Mega Retail and a company controlled by Mr. Moti Ben Moshe, which would acquire, subject to satisfaction of closing conditions, control of the Company under the proposed debt reorganization and arrangement filed with the Israeli District Court in Lod, Israel on May 25, 2016. The agreement generally provides for the settlement of all lawsuits and claims between Mega Retail and the Company. BSI: 3.19 (unch)
Alon Blue Square Israel American Depositary Shares to Move to Over-the-Counter Market
PR Newswire - Thu May 26, 5:10AM CDT
Alon Blue Square Israel Ltd. (NYSE: BSI) (the "Company"
announced today that on May 25, 2015 the New York Stock Exchange (the "NYSE" delivered a written notice to Alon Blue Square and issued a press release announcing that trading of the Company's American Depositary Shares (ADSs) would be suspended immediately. The NYSE also announced that the staff of NYSE Regulation would commence proceedings to delist the ADSs from the NYSE. BSI: 3.19 (unch)
Alon Blue Square Announces Revised Filing with Israeli Court to Convene a Meeting of Financial and Certain Other Creditors for Arrangement with Financial Creditors and Such Other Creditors
PR Newswire - Wed May 25, 6:35AM CDT
At request of Mr. Moti Ben-Moshe, arrangement currently provides that all outstanding shares are to be transferred to Ben Moshe, for no consideration, from the existing shareholders or are to be erased and nullified, for no consideration to the existing shareholders
BSI: 3.19 (unch)
