Electra Ltd. (TASE:ELTR) agreed to acquire 60% stake in Megason LTD. from Eyal Segal and Baruch Shaham for ILS 86 million in cash on December 12, 2016. The transaction consideration is subject to adjustments. Under the terms of the agreement, Electra has an option to acquire remaining 40% stake in Megason from Eyal Segal and Baruch Shaham from December 2021. Eyal Segal and Baruch Shaham will provide Megason with consultation services until the option is realized or, alternatively, for five years from the completion of the deal. The transaction is subject to antitrust approval and third party approvals. Electra Ltd. (TASE:ELTR) completed the acquisition of 60% stake in Megason LTD. from Eyal Segal and Baruch Shaham on January 18, 2017.