Sara Lee, the giant Chicago-based producer of frozen cakes, pies and other processed foods has just acquired a 25.1 percent stake in Delta-Galil Industries Ltd., Israel’s largest manufacturer of underwear.
It paid $16.7 million for the share and won 11.51 percent of Delta voting rights. Under the agreement, Sara Lee has a five-year option to buy another $18.7 million worth of the Israeli firm.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
