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Tel Aviv District Court Judge Varda Alshech has given the sides five days to reach agreement.
The company, controlled by Yitzhak Tshuva, signalled the move last week. It owes bondholders NIS 2.1 billion.
A train travelling from Tel Aviv to Beersheva hit a herd of cows.
Kamada's drug with the AAT protein has been given to children for the first time.
The companies aim to begin natural gas deliveries in July.
Tower will produce digital audio amplifiers for Samsung and LG slim TVs.
Israel hosted 752,000 tourists during the first quarter of 2012.
The acquisition was made through ICL Performance Product's German subsidiary BKG Giulini.
The merger will create a $1.4 billion company based in the US and Israel.
However, private consumption was flat, and exports fell 2% in the second half of 2011.