IN BRIEF: BSD Crown to merge with Israeli firm Yoseph Zvi

Wed, 17th Mar 2021 20:34

BSD Crown Ltd - Ramat Gan, Israel-based food products - Inks merger agreement with Yoseph Zvi 2021 Management Ltd, where Yoseph Zvi will be merged into the BSD, BSD being the surviving entity. Yoseph Zvi is a newly formed company incorporated and registered in Israel which is wholly owned by Yossi Willi Management & Investments Ltd and Zvi V & Co Ltd. The merger will cost BSD Crown around GBP5.8 million, having to pay out Yoseph shareholders GBP0.30 per share.

Current stock price: 30.68 pence

Year-to-date change: down 23%

By Greg Roxburgh; gregroxburgh@alliancenews.com

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