Union Investments & Development Ltd made an offer to acquire remaining 22.4% stake in Maxima Air Separation Center Ltd. (TASE:MAXM) from Emilia Development (O.F.G) Ltd. (TASE:EMDV) and others for ILS 69.4 million on July 3, 2019. Union Investments & Development will acquire 4.4 million shares at an offer per share of ILS 15.81. Union Investments & Development Ltd will acquire 14.65% stake representing 2.9 million shares from Emilia Development (O.F.G) Ltd. Acceptance notices are to be delivered until August 21, 2019. Meitar Liquornik Geva Leshem Tal & Co acted as legal advisor to Union Investments & Development Ltd.