Bank Leumi le-Israel has registered with the Securities and Exchange Commission on offering to shareholders of additional shares on the basis of four new shares for each five shares of both ordinary and Class A now outstanding. A total of 1,400,000 new ordinary shares and 3,920,000 new Class A shares would be issued, according to the offering.
Exact terms of the issue will be announced shortly before the offering which is expected to be made later this month. The offering will be underwritten in the United Stabs by a group headed by Kuhn, Loeb and Company. The issue will be the first underwritten offering of Bank Leumi shares in the United States.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
