A boon for Dankner if he gets it, but it remains unclear whether complicated deal can be pulled off.
Hot Telecommunication Systems shareholders will be asked at a general shareholders meeting on Wednesday to approve a NIS 41-a-share buyout offer from its controlling shareholder Patrick Drahi, and to delist the company.
Write-offs will offset gains from Clal and Koor in the 3rd quarter.
The flurry of recent mergers and acquisitions activity has been boosting share prices of telecom companies.
Koor is controlled by the IDB group's Discount Investment Corp. and IDB Development Corporation.
lan Ben-Dov's holding company Scailex said on Sunday that it was in talks with Saban to sell him its controlling 44.5% of Partner Communications.
Las Vegas casino mogul Steve Wynn says he passed on deal to save IDB and Elad Group's Las Vegas investment because of Obama's anti-business policies.
The firm's efforts to strike a deal with its banks reached a dead end, apparently meaning its major British asset will be lost.
U.S. hedge fund lines up allies among bondholders as it takes on one of Nochi Dankner's debt-laden companies in a bid for control.
The property magnate has debts of NIS 5.9 billion and his ability to repay hinges on squeezing value of his diminished holdings.