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Strauss Advances Most in Three Years on Coffee Sale Report

Sept. 21 (Bloomberg) -- Strauss Group Ltd. 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. 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.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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