Trendline Information and Communication Services Ltd. (TASE:TREN) signed an agreement to acquire remaining 50% stake in Machshavot Literature and Training Ltd. for ILS 3.6 million on May 2, 2016. Under the terms of agreement, Trendline undertook a shareholder loan of about ILS 1.6 million. Consideration for the acquisition is of about ILS 0.87 million upon closing, ILS 1.25 million will be deducted from remaining unpaid balances from the first agreement and up to ILS 1.5 million will be paid subject to Machshavot’s performance from 2016 to 2020. Trendline Information will pay for the consideration from its own resources. Completion is subject to the antitrust commissioner’s approval.