TEL AVIV, Israel, January 19, 2016 /PRNewswire/ --
Metalink Ltd. (OTCQB: MTLK) today announced that it has been
informed that Top Alpha Capital S.M. Ltd., an Israeli corporation
("Top Alpha"), has commenced a partial tender offer to acquire
550,000 ordinary shares, par value NIS
1.00 per share ("Shares"), of Metalink, for a net purchase
price of $1.30 per Share in cash.
The tender offer is under consideration by the members of the
Board of Directors of Metalink (the "Board").
On or before January 28, 2016 (the
10th business day from commencement of the tender
offer), Metalink intends to file with the United States Securities
and Exchange Commission a solicitation/recommendation statement on
Schedule 14D-9 in which it will advise Metalink shareholders
whether the Board recommends acceptance or rejection of the tender
offer, expresses no opinion and remains neutral toward the tender
offer, or is unable to take a position with respect to the tender
offer, as well as setting forth the Board's reasons as for its
position (or inability to take a position) with respect to the
tender offer.
Accordingly, Metalink shareholders are requested to defer making
any determination whether to accept or reject such tender offer
until they have been advised of the Board's position with respect
to the tender offer.
ABOUT METALINK
Metalink shares are quoted on OTCQB under the symbol "MTLK". For
more information, please see our public filings at the SEC's
website at http://www.sec.gov
SAFE HARBOR STATEMENT
This press release contains "forward looking statements" within
the meaning of the United States
securities laws. Words such as "aim," "expect," "estimate,"
"project," "forecast," "anticipate," "intend," "plan," "may,"
"will," "could," "should," "believe," "predicts," "potential,"
"continue," and similar expressions are intended to identify such
forward-looking statements. Because such statements deal with
future events, they are subject to various risks and uncertainties
that could cause actual results to differ materially from those in
the forward looking statements. Factors that could cause or
contribute to such differences include, but are not limited tothose
set forth from time to time in Metalink's filings with the
Securities and Exchange Commission, including Metalink's Annual
Report in Form 20-F. Readers are cautioned not to place undue
reliance on forward-looking statements. Except as required by
applicable law, the Company undertakes no obligation to republish
or revise forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrences
of unanticipated events. The Company cannot guarantee future
results, events, and levels of activity, performance, or
achievements.
Shay Evron, Acting CEO &
CFO
Metalink Ltd.
Tel: +972-3-7111690
Fax: +972-3-7111691
Shay.Evron@il.gt.com
SOURCE Metalink Ltd.