Yossi Willi Management Investments Ltd and Zvi V & Co. Company Ltd signed a merger agreement to acquire remaining 14.89% stake in B.S.D Crown Ltd. (OTCPK:BLZS.F) for £5.8 million on March 17, 2021. The merger, if consummated, will result in the payment to each shareholder of the BSD (other than the controlling shareholders of an amount of £0.3 per B.S.D Crown share in cash. B.S.D Crown Ltd. maintain a registered office in the State of Israel. Post-completion, B.S.D Crown will be wholly owned by Yossi Willi Management Investments Ltd and Zvi V & Co. Company Ltd. B.S.D Crown Ltd. intends to acquire a “run-off” insurance policy covering the past and current directors and officers of B.S.D Crown for a period of 3 years post-closing and grant an indemnity to David Freidenberg, who was appointed as an independent director of B.S.D Crown Ltd. on November 9, 2020. The termination is entitled to take place if transaction is not consummated by July 15, 2021. The transaction is subject to Israeli Statutory Waiting Periods, approval of majority shareholders of B.S.D in a meeting scheduled to be held at April 27, 2021. On April 27, 2021, shareholders of B.S.D Crown Ltd. has approved the transaction. An independent committee comprised of three directors of B.S.D. established to assess the merits of the deal. The independent committee considers the terms of the transaction to be fair and reasonable and in the best interests of the shareholders and unanimously recommends that shareholders vote in favor of the transaction. Lior Porat of Gornitzky & Co and Mike Rimon of Meitar Liquornik Geva Leshem Tal & Co acted as the legal advisor, S-Cube Financial Consulting Ltd. acted as the financial advisor, Beta Finance Ltd acted as the supplementary expert opinion provider and Computershare Investor Services PLC acted as the paying agent for B.S.D Crown Ltd. The transaction is expected to close by May 30, 2021. Yossi Willi Management Investments Ltd and Zvi V & Co. Company Ltd completed the acquisition of remaining 14.89% stake in B.S.D Crown Ltd. (OTCPK:BLZS.F) on May 30, 2021.