Disney Family Buys Defense Contractor
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Shamrock Holdings Inc., the Roy E. Disney family’s Burbank-based investment arm, and First Israel Mezzanine Investors Ltd. bought defense contractor Tadiran Communications Ltd. from Koor Industries Ltd. for $155 million. Tadiran makes military communications systems that enable pilots to be in contact with ground forces. It is one of four divisions of electronics company Tadiran Ltd. that Koor, the country’s biggest publicly traded exporter, bought out late last year. Shamrock makes investments for the family of Roy Disney, vice chairman of Walt Disney Co. and nephew of its founder. It sold a 20% stake in Koor in 1997 to Claridge Israel Ltd.
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