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.
Keep Jewish Stories in Focus.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
