Suny Electronic Inc. Ltd. (TASE:SUNY) agreed to acquire Samsung Ce cellular handsets import, distribution and services business of Scailex Corp., Ltd. (TASE:SCIX) for $100 million on June 5, 2012. In a related transaction, Persall Pte. Ltd. and Kelburgh Pte. Ltd. entered into a conditional agreement to acquire 75% stake in Scailex Corp., Ltd. (TASE:SCIX) from Suny Electronic Inc. Ltd. (TASE:SUNY) for approximately $130 million. Scailex will use the proceeds to reduce its debt.


Suny Electronic Inc. Ltd. (TASE:SUNY) agreed to acquire Samsung Ce cellular handsets import, distribution and services business of Scailex Corp., Ltd. (TASE:SCIX) on August 21, 2012.