TEL AVIV, Israel, March 10, 2011 /PRNewswire-FirstCall/ -- Elbit Imaging Ltd. (NASDAQ: EMITF ) ("El" or the "Company") announced today that its indirect subsidiary, EPN Investment Management LLC, has announced an off-market takeover bid by EPN GP LLC or an entity affiliated with it ("EPN") to acquire all of the outstanding units of EDT Retail Trust ("EDT",) that EPN affiliates do not already own ("Bid").