Yossi Willi Management Investments Ltd made a tender offer to acquire up to 23% stake in B.S.D. Crown Ltd. for £6.36 million on September 2, 2016. Under the terms of the agreement, Yossi Williger will acquire not less than 10% and up to 23% stake at a price of £0.25 per share. The tender offer will commence on or about September 5, 2016. On September 20, 2016, Yossi Willi Management Investments Ltd made a cash offer to acquire up to 20% stake in B.S.D. Crown Ltd. for £6.1 million. Under the terms of the agreement, Yossi Willi Management Investments Ltd will acquire not less than 17.75% and up to 20% stake at a price of £0.275 per share. As of November 15, 2016, some modifications were made to the offer. The minimum aggregate amount of BSD shares proposed to be purchased from the shareholders was waived. The maximum aggregate amount of BSD shares proposed to be purchased from the shareholders was reduced from 20% to 15%. As of November 14, 2016, B.S.D. Crown and BGI Investments (1961) Ltd. filed a motion and a request to temporary relieves against Joseph and Zvi Willigers and controlled companies. According to information that the Companies hold, and according to section 328 to the Israeli companies law, the Williger Brothers should file only a special tender offer under Israeli Companies Law. The acceptance period of the offer was extended such that the offer is open for acceptance until December 15, 2016. As of January 20, 2017, Yossi Williger pleased to announce that as of January 18, 2017, the offer acceptance period has ended. It is expected that settlement of successfully tendered shares of BSD will occur on or before February 8, 2017. Yossi Willi Management Investments Ltd completed the acquisition of 7.9% stake in B.S.D. Crown Ltd. on January 18, 2017. Under the terms of the transaction, 8.73 million shares were validly tendered.