Monday, July 2, 2007

UPDATE 1-Delta Galil says founder to transfer effective control

(Reuters) - The company's shares rose more than 19 percent to $7.91 in
morning trade on the Nasdaq.




Delta Galil, which makes underwear, socks and other items
sold under brands such as Calvin Klein, said Lautman agreed to
sell 2.5 million shares of Delta to GMM Capital LLC, a company
controlled by Dabah.


Read more at Reuters.com Mergers News

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