Rimoni Industries Ltd. (TASE:RIMO) made an offer to acquire Friedrich Plastic Industries Ltd. for ILS 8 million on February 21, 2017. Rimoni Industries will also do an allotment of 0.10 million warrants, exercisable into Rimoni Industries Ltd.’s shares within 24 months from allotment at a strike price of ILS 54 per warrant. In order to secure the offer, Rimoni Industries has deposited a guarantee of 10% of the consideration. Additionally, Rimoni Industries Ltd. offered to employ a portion of Friedrich’s workers. The transaction is subject to pre-conditions, such as Court’s approval and antitrust commissioner’s approval. As on March 1, 2017, the Antitrust Commissioner approved the deal. Additionally, Stock Exchange approved the listing of the shares resulting from the exercise of warrants. The pre-conditions for the transaction have been fulfilled.