Gan Shmuel Foods Ltd. (TASE:GSFI) agreed to acquire all assets of Meitav Sauce & Food Industries Ltd. on December 3, 2017. As a part of consideration, Gan Shmuel Foods will pay ILS 25 million, ILS 5 million will be transferred to the Trustee until the final consideration is determined on the basis of the financial statements for year 2017. The additional consideration in an amount not to exceed ILS 5 million, in a period of five years from the closing date of the transaction, depending on the level of activity transferred from Meitav in the results set forth in the agreement. Gan Shmuel Foods Ltd will finance the consideration from its own sources and from current credits. Gan Shmuel Foods Ltd. (TASE:GSFI) cancelled the acquisition of all assets of Meitav Sauce & Food Industries Ltd. on December 3, 2018.