SAN FRANCISCO, Dec. 6, 2007 (Thomson Financial delivered by Newstex)
— G. Willi-Food International Ltd. (NASDAQ:WILC) said Thursday it is
in ‘advanced negotiations’ to acquire a 51% majority interest in Baladi
Ltd., a private Israeli company and a large kosher and halal meat
Financial terms of the deal weren’t disclosed.
G. Willi-Food, a food importer and supplier of kosher food products, said the proposed transaction would add to earnings.
The transaction is subject to approval by the board and Israeli
antitrust authorities, in addition to execution of final documentation
and due diligence, the company noted.
The company’s stock fell 7 cents to $5.85.