Ampal demands that potential buyers forgo trade in its stock for 3 years

Fears biased trade based on insider information obtained during talks
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Ampal-American Israel Corp (Nasdaq:AMPL) demands that its potential buyers commit to forgoing trade in Ampal shares for three years, Ma'ariv reports.

The Steinmetz family has decided to sell its controlling interest in the company. Ampal's demand is based on fears that potential buyers might take advantage of insider information obtained during acquisition talks to trade favorably in the share.

Potential buyers have assessed Ampal's net assets worth at only $120 million.

Meanwhile, Yedioth Ahronoth reports that the Tel Aviv-listed Shrem, Fudim Kelner group will also be vying for control over Ampal.