Harel Group to acquire Isracard for $770m.

Harel Group, an Israeli insurance and investment group, agreed to acquire Isracard, a credit card company, for $770m. "We are delighted about the signing of the deal and believe that it is good for all the parties of interest in Isracard. We believe that the price we have offered for the deal is proper and fair. The deal reflects a premium of 38.2% on the price of Isracard's share on the day of our offer," Ben Hamburger, Harel Deputy Chairman.