Ilex Medical Ltd (TASE:ILX) made a tender offer to acquire remaining 46.09% stake in Medtechnica Ltd. (TASE:MEDI) for ILS 62.9 million on May 31, 2020. In the transaction, Ilex Medical Ltd offers to issue 0.1773 ordinary shares of Ilex Medical Ltd for every shares of Medtechnica Ltd., or payment of ILS 1.645 per share, totaling ILS 109.13 million if fully accepted. Acceptance notices are to be delivered until June 22, 2020. Kesselman & Kesselman acted as accountant and M. Firon & Co. acted as legal advisor to Ilex Medical Ltd.

Ilex Medical Ltd (TASE:ILX) completed the acquisition of remaining 46.09% stake in Medtechnica Ltd. (TASE:MEDI) on June 22, 2020. Acceptance notices were received regarding 6.07 million shares. With completion of the tender offer Ilex Medical Ltd will own all of the Medtechnica Ltd's issued and paid up share capital.