B.S.D. Crown Ltd. - BSD Crown Ltd.
PR Newswire
Ramat Gan, 27 May 2021
Further to the announcements made by the Company on 17 March 2021 and 27 April 2021, the Company updates today that the completion of the merger transaction contemplated by the Agreement and Plan of Merger dated 17 March 2021 by and among Yossi Willi Management and Investments Ltd., a company organized under the laws of the State of Israel ( Purchaser 1 ), Zvi v & Co. Company Ltd., a company organized under the laws of the State of Israel (together with Purchaser 1, the Purchasers ), Yoseph Zvi 2021 Management Ltd., a company organized under the laws of the State of Israel ( YZM ), and B.S.D Crown Ltd., a company organized under the laws of the State of Israel (the Company , and the transaction contemplated thereunder, the Merger ) is expected to occur on 30 May 2021.
Ramat Gan, 17 March 2021
Further to the announcement made by the Company on 8 February 2021 the Company advises that it has today entered into a Merger Agreement with Yoseph Zvi 2021 Management Ltd ( YZM ), whereby it is proposed that YZM will be merged with and into the Company, with the Company being the surviving entity (the Merger ).
YZM is a newly formed company incorporated and registered in Israel which is wholly owned by Yossi Willi Management and Investments Ltd ( YWM ) and Zvi V & Co. Company Limited ( Zvi ) (together, Controlling Shareholders ), who, together with their affiliates, currently directly and indirectly hold approximately 85% of the entire issued share capital of the Company.
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%
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