Blue Square-Israel (BSI) Announces Completion to Acquire Additional Shares in its Subsidiary Bee Group Retail Ltd.
More News related to BSI
- Blue Square Announces a Public Offering of Debentures on the Tel Aviv Stock Exchange by its Subsidiary (78.45%) Blue Square Real Estate Ltd. ("BSRE")
- Blue Square Announces That its Subsidiary, Blue Square Real Estate Ltd Intends to Issue Additional Debentures
- Blue Square Announces it Received an Affirmation of Debentures Rating "ilA+" From Standard & Poor's Maalot With Outlook Revised to Negative
- Blue Square-Israel (BSI) Announces Change in Holdings in its Controlling Shareholder and Change in Directors
- Blue Square Announces Change in Holdings in its Controlling Shareholder and Change in Directors
More News related to Mergers and Acquisitions
- Logitech (LOGI) Acquires LifeSize Comm for $405M
- IESI-BFC (BIN) And Waste Services (WSII) Announce Merger Agreement
- Smith & Nephew (SNN) to Acquire NUCRYST Pharma. (NCST) Acticoat Business fpr $21M ; Enters into Amalgamation with Westaim Corp.
- Stryker (SYK) Announces Two Acquisitions
- Hackett (HCKT) Misses Street's Q3 Views; Guides Q4; Acquires Archstone Consulting
Blue Square-Israel Ltd. (NYSE: BSI) have received the required approvals for the acquisition of 25% of the outstanding share capital of Bee Group Retail Ltd. ("Bee Group"), a 60% subsidiary of Blue Square. Following the completion of the transaction, Blue Square now owns 85% of the outstanding shares of Bee Group.
Furthermore, the agreement provides Blue Square with a Call Option to aquire the remaining 15% of Bee Group's capital stock, during the five-year period from closing, and the sellers of the Remaining Shares are provided with a Put Option to sell the Remaining Shares to Blue Square at the second anniversary of the closing date, under terms as specified in Blue Square's announcement dated August 3, 2008.
Blue Square-Israel Ltd. (Blue Square) is a food retailer. [SM
Related Categories
Mergers and AcquisitionsStocks Mentioned
+0.40Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
