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Scitex Corp Ltd

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March 2, 1992 | From Times Staff and Wire Reports
International Paper to Buy 11% of Scitex: According to a memorandum of understanding, Purchase, N.Y.-based IP will pay a total of $209 million for 4.75 million newly issued Scitex Corp. Ltd. of Israel shares at $44 per share. According to a memorandum, Scitex--whose major shareholders are Israel Discount Bank and the Clal conglomerate--reported a net profit of $100.6 million for 1991 against $76.8 million in 1990.
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BUSINESS
March 2, 1992 | From Times Staff and Wire Reports
International Paper to Buy 11% of Scitex: According to a memorandum of understanding, Purchase, N.Y.-based IP will pay a total of $209 million for 4.75 million newly issued Scitex Corp. Ltd. of Israel shares at $44 per share. According to a memorandum, Scitex--whose major shareholders are Israel Discount Bank and the Clal conglomerate--reported a net profit of $100.6 million for 1991 against $76.8 million in 1990.
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