Strauss Advances Most in Three Years on Coffee Sale Report
Strauss Group Ltd. (STRS) rose the most in almost three years after TheMarker said Israel’s second-largest food producer is in talks to sell its overseas coffee activities to Sara Lee Corp. (SLE) Strauss denied the report.
The shares jumped 7.5 percent, the biggest gain since December 2008, to 45.90 shekels at the 4:30 p.m. close in Tel Aviv.
“There is currently no contact between Strauss and Sara Lee regarding either a sale or acquisition of businesses,” Strauss said in an e-mailed statement.
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