Meijer Realty Partners B.V. made a tender offer to acquire 8% stake in Polar Communications Ltd. (TASE:PLRC) for ILS 5.5 million on December 2, 2015. Under the terms of the offer, Meijer Realty will pay ILS 0.64392 for each share of Polar Communications. In a related transaction, Meijer Realty Partners entered into an agreement to acquire 53.37% stake in Polar Communications from Leader Holdings & Investments Ltd (TASE:LDER) for ILS 36.9 million in cash. The offer will expire on July 14, 2016. Bank Hapoalim Ltd. is acting as the offer coordinator. Meijer Realty Partners B.V. completed the acquisition of 8% stake in Polar Communications Ltd. (TASE:PLRC) on July 14, 2016.