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Old Jan 31, 2013 | 10:49 am
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ELY001
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FIMI Fund to Invest in EL AL

One of the regular posters on this board alerted me to this new development.

It appears that Israel's largest private equity fund is going to invest in LY in stages, contingent upon several variables including new employee contracts. Notice how streamlining/restructuring management is not one of the conditions.

Should be interesting to watch this.

http://www.reuters.com/article/2013/...0B0G2C20130131
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