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Tower Semi receives $20M investment

Posted: 09 Jan 2009  Print Version  Bookmark and Share Subscribe

Keywords: investment cash  agreement Tower Israel  Tower $20 million 

[Summary of tips] Israel Corp. has made a $20 million cash investment in Tower Semiconductor Ltd, in accordance with their agreement announced Sept. 25, 2008.According to the terms of the agreement, Israel Corp. has invested $20 million for Tower's equity equivalent capital notes based on a $0.26 value per share. The equity equivalent capital no......
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