Troubled Israeli drone-maker Aeronautics gets $232 million buyout offer

Aeronautics’ brief but eventful life as a publicly traded company appeared to be coming to an end on Sunday after state-owned Rafael Advanced Defense Systems and businessman Avihai Stolero entered into exclusive talks to buy the drone maker for 850 million shekels ($232 million).

The offer valued Aeronautics at 70% more than its share price on the Tel Aviv Stock Exchange as of last Thursday and sent the shares soaring 32% to a 12.30 shekel close Sunday. It was also nearly twice the price that Rafael and Stolero had offered last August, when it

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