TEL AVIV, Israel, July 4, 2013 /PRNewswire/ --
Strauss Group announced today that it is conducting a review together with TPG Capital, the minority shareholder in Strauss Coffee, of examining possible TPG exit alternatives from Strauss Coffee. This is following five years of partnership with Strauss Group, and regular practice of investment funds.
Strauss Group continues to regard Strauss Coffee as a major part of its activity, and will continue to support Strauss Coffee's development and growth.
No decisions have been made as yet regarding the TPG exit alternatives, as Strauss Group and TPG continue to explore together possible options.This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Strauss Coffee nor shall there be any sale of any securities of Strauss Coffee in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Strauss Group: Strauss Group is a multinational food and beverage company headquartered in Israel. The company employs about 14,000 employees, operating 25 production sites in 20 countries. In the last eight years, Strauss Group has consistently achieved growth, having generated approximately $2.3 billion in annual revenue in 2012, of which 51% came from international activities. Strauss Group is comprised of five companies: Strauss Israel, Strauss Coffee, Strauss PepsiCo Dips & Spreads, Strauss Water and Max Brenner. For more information please contact: Talia Sessler Director of Investor Relations +972-54-5772195 +972-3-6752545 Talia.Sessler@Strauss-Group.com Osnat Golan VP Communications, Digital and Spokesperson +972-52-8288111 +972-3-6752281 Osnat.Golan@Strauss-Group.com Or Gil Messing Director of External Communications and Government Relations +972-54-2525272 +972-3-6756713 Gil.Messing@Strauss-Group.com SOURCE Strauss Group Ltd
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV