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JERUSALEM, June 22 (Reuters) -
* Israeli foodmaker Strauss Group said on Thursday it will sell 2.7 million shares in a private placement to institutional investors for a total of 180 million shekels ($51 million).
* Strauss, a maker of snacks, fresh foods and coffee, said it will sell the shares at 66 shekels each.
* Its shares closed at 68.30 shekels on Wednesday in Tel Aviv after hitting a year high of 69.50 on Monday.
* The share allocation is subject to approval from the Tel Aviv Stock Exchange.
* ($1 = 3.5409 shekels) (Reporting by Steven Scheer; Editing by Tova Cohen)