Nestle to buy rest of Israeli foodmaker Osem for $840.5 mln

February 4, 2016 8:07 AM

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JERUSALEM Feb 4 Nestle has agreed to buy the remaining 36.32 percent of Israeli foodmaker Osem for 3.3 billion shekels ($840.5 million), Osem said on Thursday.

Nestle is to buy 40.2 million shares at 82.5 shekels per share, above Wednesday's closing price of 65.71 shekels.

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