RADA - Top Israeli institutions agree to purchase 3.9M shares of RADA from DBSI

RADA Electronic Industries ([[RADA]] -2.5%) has announced that DBSI, the Company’s major shareholder, has agreed to sell ~3.9M shares to leading Israeli institutional investors, broadening the shareholder base and increasing the free-float of RADA.Post sale of such shares, DBSI’s interest in RADA will stand at ~2.8M shares, representing ~7% of the issued and outstanding share capital of the Company."Like us, they saw in RADA the potential for long term value creation. I believe these investors are of the highest quality in Israel with long-term views and with a good understanding of RADA’s business and its potential.” said DBSI’s Chairman, Yossi Ben Shalom.

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Top Israeli institutions agree to purchase 3.9M shares of RADA from DBSI