–
The fashion chain says no price or terms for a deal with the private equity fund have been set.
In a notice to the Tel Aviv Stock Exchange, fashion chain Fox-Weizel Ltd.(TASE: FOX) has confirmed the report in “Globes” that Apax Israel is in talks with it on investing in the company.”The Apax fund approached the company’s management to examine the possibility of investment, ” Fox states in the notice, “Following this approach, negotiations took place, a confidentiality agreement was signed, and Apax will conduct an examination of the company.”
Fox states that at this stage no price or clear terms have been set for a deal, and stresses that the company’s board of directors has not yet discussed the proposal.
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
–
Published by www.globes-online.com
