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.