IFLR1000

Nestlé NIS3.3 billion buy out of Osem

1/4/2016
Public acquisition
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NIS 3.3 billion

$ 883.577 million

Completed

1/4/2016

Overview:

  • Nestlé has bought out the minority shareholders of Osem for NIS3.3 billion.
  • The company will pay NIS82.50 a share for the 36.3% stake it doesn't already own, valuing the company at NIS9.13 billion.
  • Osum is an Israeli food manufacturer producing brands such as Cheerios.
  • The deal is part of Nestlé's wider strategy to consolidate the minority stakes it owns in various companies.

Sam Duke - Editor

Jurisdiction:

Israel

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Food and beverage

Firms:
Goldfarb Gross Seligman

Party: Nestlé (Acquirer)

Lawyers: Adam Klein, David Hodak, Rona Bergman Naveh

Gross & Co

Party: Osem (Target, Management)

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