ISRAEL: Supersol to stop trading on New York Stock Exchange
Supersol, Israel's largest food chain, will stop trading its shares in the US The move comes as Israel's recession has cut the chain's profit, "eclipsing investors' interest in the stock," according to a report in the Jerusalem Post. Supersol will ask the New York Stock Exchange to remove its American depositary receipts (ADRs) by 24 December, according to a statement by the company. It will continue to trade shares on the Tel Aviv Stock Exchange and offer its Israel stock to investors who hold ADRs.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Will Kellogg's DSD exit help it grow in US snacks?
- Why Reckitt Benckiser moved for Mead Johnson
- Kraft Heinz pursuing Unilever in takeover move
- Nestle plans restructuring as 2016 profit misses
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry Group staff in Ireland suspend strike action