Osem Founder Dan Propper Sells Stake to Nestle

Multinational, which now owns 63.8% of Israeli food conglomerate, may delist company from TASE.

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Dan Propper, the chairman of the Osem Investments food conglomerate, sold nearly his entire 5% stake in the company Tuesday to majority owner Nestle for $142 million. Propper, who has stood at the head of the...