Corporate Conflict
Found 4 recent publications
Novolog reports mark end of an era: slight revenue growth, low profitability amid financing costs
Novolog released its Q2 2026 results following a management overhaul and the consolidation of the Pozis family's control. Net profit dropped to 541,000 shekels from 4.6 million shekels in the same quarter last year, driven by higher financing expenses.
“Improper Conspiracy” and “Poison Pill”: The Battle for Control of Novolog
The Pozis family, controlling shareholders of Novolog, has accused the board of directors of attempting to entrench power through a 100 million shekel investment deal with the Movement group, sparking a corporate power struggle.
The Pozis family on the control of Novolog: "We will fight legally and if necessary we will increase our holdings"
The Pozis family, controlling shareholders of Novolog, announced plans to replace the board of directors. This move triggered a power struggle and a 16.6% surge in the company's share price.
Unusual move on the stock exchange: The company is suing its largest shareholder
On one side is Shapir Engineering, the controlling shareholder that appointed the management and wants to raise the CEO's salary. On the other side is Gabi Magnazi, the former controlling shareholder who remained with 28.3% and defeats every vote. In the middle: a company without a legal board of directors, which is now turning to the court. What is happening at Averot and what does it mean for...