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Allana’s shareholders will receive $0.50 in cash per share, representing a 51.5% premium to Allana’s closing share price of $0.33 on March 26, 2015, and a 37% premium to Allana’s 20-day volume-weighted trading price of $0.365/share on March 26, 2015. Farhad Abasov, President and CEO of Allana, commented: “We believe that this transaction provides the best liquidity opportunity for shareholders and firmly validates the efforts of the last six years of development by the Allana team.” allana potash The acquisition, which would be paid for in cash and shares in ICL’s common stock, is supported by Allana’s board of directors, but is still subject to conditions and regulations, ICL said according to Reuters. ICL is the second-largest Israeli company on the Tel Aviv Stock Exchange and one of the three largest suppliers of the crop nutrient potash to China, India and Europe.]]>