Paz Oil Company Ltd. (TASE:PZOL) have an offer to acquire Freshmarket Ltd. (TASE:FRSM) from Amir Yosef and Amir Shlomoon and others on July 18, 2021. Under the terms of transaction,Freshmarket shareholders would receive 36% of the shares in Paz. Post completion, Freshmarket would be merged into Paz, and Amir brothers the controlling shareholders in Paz. In addition, the shareholders in Freshmarket would be given the righto buy 9% of the shares in Paz (fully diluted, after the merger) at a price to be agreed between the sides but not higher than the price in the merger. The merger would create a ILS 5.6 billion company.