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Entropy advises institutions to oppose Osem-Nestle deal

Osem
Osem
8 Mar, 2016 9:47
שלח תגובה במיילOmri Cohen

According to Entropy, Osem's shares should be sold at a higher multiple.

Consulting firm Entropy has advised financial institutions holding shares in Israeli foods company Osem Investments Ltd. (controlled by Nestle SA (SWX:NESN)) (TASE: OSEM) to oppose the deal for the sale of the shares to controlling shareholder Nestle in a triangularreverse merger. This emerges from a study that Entropy sent to its customers yesterday evening.

Entropy believes that Osem should be sold at a higher multiple than the one determined in the deal. It also states that the choice of a triangular reverse merger reduces the ability of the institutions to bargain over the price, since they hold only 7% of the shares in Osem.

Published by Globes [online], Israel business news - www.globes-online.com - on March 8, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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