Delek Real Estate was granted a 10-day extension Sunday morning by Judge Varda Alshech of the Tel Aviv District Court, in order to obtain the support of a 75% majority of its bondholders for a settlement offered by controlling shareholder Yitzhak Tshuva.
Court gives Delek Real Estate 10 more days to get bondholder support
The appointed liquidator, attorney Hagai Olman, will step in if an agreement isn't reached by September 12.
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