Isramco completed the merger with Naphtha.

Isramco, an oil and natural gas company, completed the merger with Naphtha Group, a group of Israel Petroleum, Naphtha Holding, Israel Oil, and Naphtha US Oil. The Merger was approved by the company’s stockholders at a special meeting held on October 22, 2019. Under the terms of the Merger Agreement, Isramco stockholders received $121.4 per share of company common stock. As a result of the merger, Isramco became an indirect wholly-owned subsidiary of Naphtha and the company’s common stock has ceased trading and will be delisted from the NASDAQ Capital Market.