Israel’s Robomatix Technologies announces further to its announcement of April 2, that all preliminary conditions for the closing of the agreement entered into on January 16 with Berger Holdings, a publicly traded company in the Tel Aviv Stock Exchange, for the sale of all of Robomatix's holdings in Edco Technologies 1993 have been fulfilled and the consequently the closing has been consummated.
Edco Robomatix is to be paid six million Israeli shekels ($1.4 million), of which four million shekels shall be paid at the closing of the transaction and the balance is to be paid in six equal quarterly installments, linked to the Israeli consumer price index. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
