Aryt Industries Ltd. Negotiating the Sale of Its Defense Business Activities.Business Editors TEL-AVIV, Israel--(BUSINESS WIRE)--Nov. 29, 2000 Aryt Industries Ltd. (Aryt, or the Company) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARYTF) announced today that it is negotiating the sale of its defence business activities to Ram-Zur Industries, Ltd. (Ram-Zur). Aryt is engaged through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Reshef Technologies Ltd. and Amcoram Ltd., in developing, manufacturing and marketing sophisticated products for the defense market. The contemplated transactions are subject to due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , evaluation and receipt of all the necessary approvals required by law. Ram-Zur is a public company whose shares are traded in the Tel-Aviv Stock Exchange. Recently Aryt has acquired controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in Ram Zur Zur (zûr), in the Bible. 1 Prince of Midian killed by the Jews. 2 Son of Jehiel. . About Aryt Industries Ltd. Aryt Industries, Ltd. is an Israeli investment, holding and management company. The Company operates through the following divisions: - Technology - Medical - Defense The Company is involved in searching for investment opportunities, in order to expand its activities. |
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