Magic Software expects merger closing on Feb. 24, 2026

Reuters

Feb 19

Magic Software expects merger closing on Feb. 24, 2026

Magic Software Enterprises Ltd. said it expects to receive the Israeli Registrar of Companies’ merger certificate for its planned merger with Matrix I.T Ltd. on Feb. 24, 2026, with closing expected the same day. Under the terms, eligible Magic shareholders are set to receive 0.5878202 Matrix shares per Magic share, for an aggregate 28,861,563 Matrix shares, and Magic will be delisted from the Tel Aviv Stock Exchange and Nasdaq and become a privately held Matrix subsidiary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magic Software Enterprises Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000876779-26-000002), on February 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Under the terms, eligible Magic shareholders are set to receive 0.5878202 Matrix shares per Magic share, for an aggregate 28,861,563 Matrix shares, and Magic will be delisted from the <a href=\"https://laohu8.com/S/TVAVF\">Tel Aviv Stock Exchange</a> and Nasdaq and become a privately held Matrix subsidiary.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magic Software Enterprises Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000876779-26-000002), on February 18, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MGIC","symbol_name":"Magic Software Enterprises Ltd","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260218:nNDL8HZvWB:1","article_id":"2612664424","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612664424","pubTimestamp":1771451061,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Magic Software Enterprises Ltd. said it expects to receive the Israeli Registrar of Companies’ merger certificate for its planned merger with Matrix I.T Ltd. on Feb. 24, 2026, with closing expected the same day. Under the terms, eligible Magic shareholders are set to receive 0.5878202 Matrix shares per Magic share, for an aggregate 28,861,563 Matrix shares, and Magic will be delisted from the Tel Aviv Stock Exchange and Nasdaq and become a privately held Matrix subsidiary.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magic Software Enterprises Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commis","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MGIC":"Magic Software Enterprises Ltd","BK4023":"应用软件"},"translate_title":"Magic Software预计合并将于2026年2月24日完成","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MGIC":0.9},"content_text":"Magic Software expects merger closing on Feb. 24, 2026\n    \n\nMagic Software Enterprises Ltd. said it expects to receive the Israeli Registrar of Companies’ merger certificate for its planned merger with Matrix I.T Ltd. on Feb. 24, 2026, with closing expected the same day. Under the terms, eligible Magic shareholders are set to receive 0.5878202 Matrix shares per Magic share, for an aggregate 28,861,563 Matrix shares, and Magic will be delisted from the Tel Aviv Stock Exchange and Nasdaq and become a privately held Matrix subsidiary.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magic Software Enterprises Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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