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Latest Formula Systems Stories

2014-06-25 04:21:45

OR YEHUDA, Israel, June 25, 2014 /PRNewswire/ -- Formula Systems (1985) Ltd. [http://www.formulasystems.com ] (NASDAQ: FORTY), a leading provider of software consulting services, computer-based business solutions and proprietary software products, today announced that its Board of Directors has declared a cash dividend in the amount of US $0.48 per share and in the aggregate amount of approximately US $7.1 million. The dividend is payable on July 31, 2014 to all of the...

2014-04-07 08:29:27

TEL AVIV, Israel, April 7, 2014 /PRNewswire/ -- In its 3.4.2014 meeting, the Tel Aviv Stock Exchange (TASE) Board of Directors approved the launch of the TA Tech-Elite index, which will comprise the shares of the leading Technology and Biomed companies. The new index includes companies with a free float of at least 25% and a market cap of at least NIS 400 million. The minimum market cap required from IPO companies for fast track entrance into the index is set at NIS 200 million. The...

2014-01-07 04:21:48

OR YEHUDA, Israel, January 7, 2014 /PRNewswire/ -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a leading provider of software consulting services, computer-based business solutions and proprietary software products, today announced that it has finalized the terms of a NIS 200 million loan to be extended to it by a leading Israeli institutional investor. The loan will be secured by certain of the shares of each of Formula's publicly held subsidiaries Magic Software...

2013-12-30 12:22:23

OR YEHUDA, Israel, December 30, 2013 /PRNewswire/ -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a leading provider of software consulting services, computer-based business solutions and proprietary software products, today announced that its Board of Directors has declared a cash dividend in the amount of US $0.31 per share and in the aggregate amount of approximately US $4.5 million. The dividend is payable on February 6, 2014 to all of the Company's shareholders of...


Word of the Day
out-herod
  • In the phrase to out-herod Herod, to be more violent than Herod (as represented in the old mystery plays); hence, to exceed in any excess of evil.
Herod refers to 'Herod the Great,' a Roman client king and 'a madman who murdered his own family and a great many rabbis.' According to the OED, the term is 'chiefly with allusion to Shakespeare's use' in Hamlet.
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