Koor Industries

(Nasdaq:KOR) recently refused to sell the controlling stake in Elisra Electronic Systems to the First Israel Mezzanine Investors fund,



FIMI's CEO, Ishai Davidi, met with Koor president Danny Biran to discuss a takeover of Elisra, but Koor backed away from a deal, the paper writes.

FIMI had reportedly intended to merge Elisra with Tadiran Communications.