Retalix considers unsolicited offers; prices range from $8 to $10 per share

By Lisa Kerner

Charlotte, N.C., March 2 - Retalix Ltd. said it received additional unsolicited non-binding proposals to acquire the company's outstanding shares at prices ranging from $8 to $10 per share.

On Feb. 14, Retalix announced that it had received a non-binding proposal to buy the company's outstanding shares for $8 each in cash.

The company's board of directors is evaluating the proposals, a Retalix news release said.

Controlling shareholder Ronex Holdings LP failed in its bid to acquire Retalix for $6 per share after only approximately 0.2% of the outstanding shares of Retalix were tendered in the offer that ended Feb. 24.

The offer was conditioned upon a minimum of 5.0% of the outstanding Retalix shares being validly tendered and not withdrawn. None of the tendered shares was accepted, said Ronex.

Retalix provides integrated enterprise-wide software solutions. The company is based in Ra'anana, Israel.

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