Key Developments: Strauss Group Ltd (SGLJF.PK)
15.00USD
2 May 2013
$0.75 (+5.26%)
$14.25
$15.00
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Latest Key Developments (Source: Significant Developments)
Class Action Lawsuit Filed Against Strauss Group Ltd
Strauss Group Ltd announced that a new class action lawsuit was filed against the Company on December 29, 2012. The lawsuit claims that the Company mislead the public concerning a campaign using its chocolate milk product in 225 ml plastic bags. The sum of the new lawsuit is NIS 10,200,000. The Company rejects the lawsuit and will act in order to have the lawsuit removed. Full Article
Strauss Group Ltd Announces Interim Cash Dividend For FY 2012
Strauss Group Ltd announced that it has decided to pay an interim cash dividend of NIS 1.3177172 per share for the fiscal year 2012. The dividend ex-date is November 14, 2012, for shareholders on record on November 14, 2012, and the payment date is November 28, 2012. Full Article
Strauss Group Ltd's Subsidiary Receives Class Action Lawsuit
Strauss Group Ltd announced that a new class action lawsuit was filed against the Company's wholly owned subsidiary, Strauss Water Ltd, on August 25, 2012. The lawsuit claims that the subsidiary is misleading the public with one of its products. The sum of the new lawsuit is NIS 3,691. The Company rejects the lawsuit and will act in order to have the lawsuit rejected. Full Article
Strauss Group Ltd's Subsidiaries Complete Sale Of Real Estate Property Rights
Strauss Group Ltd announced that its two fully owned subsidiaries have completed the sale of half of their real estate property rights in a property located in the city of Givatime, Israel. The total area of the property is 8,346 square meters. The deal is worth NIS 190 million. Full Article
Strauss Group Ltd Secures New Loan
Strauss Group Ltd announced that it has signed a new loan agreement with a financial corporation. The sum of the new loan is NIS 222 million. Full Article
Strauss Group Ltd's Subsidiaries Sell Real Estate Property Rights
Strauss Group Ltd announced that its two fully owned subsidiaries have signed an agreement to sell half of their real estate property rights in a property located in the city of Givatime, Israel. The total area of the property is 8,346 square meters. The deal is worth NIS 190 million. Full Article
Strauss Group Ltd Acquires Espresso Club Ltd.
Strauss Group Ltd has announced that it has signed an agreement through its subsidiary company, Strauss Coffee B.V.to acquire the "Ambassador" trademark brands which covers freeze-dried coffee, freshly roasted and ground coffees which are sold in Russia, The Ukraine and Moldova. Net revenues of the Ambassador trademark brands reached approximately USD 10 million in the year 2010. The deal is worth USD 8 million. Full Article
Strauss Group Ltd. Acquires Ambassador Trademark Brands
Strauss Group Ltd. has announced that it has signed an agreement through its subsidiary company, Strauss Coffee B.V.to acquire the "Ambassador" trademark brands which covers freeze-dried coffee, freshly roasted and ground coffees which are sold in Russia, The Ukraine and Moldova. Net revenues of the Ambassador trademark brands reached approximately USD 10 million in the year 2010. The deal is worth USD 8 million. Full Article
Israeli food firm Strauss Q4 profit up 2 pct
TEL AVIV, March 20 - Net profit at Israeli food and drinks company Strauss Group rose 2 percent in the fourth quarter, boosted by higher sales at its dips and spreads joint ventures with PepsiCo.
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