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ei!/6-

LIFE. LOVE. SEX.

Business

(And other unscheduled events.)

Makhteshim Buys
Into Aragonesas

A very funny and very poignant musical!
Set in America where the rules keep changing and families aren't the same.

NOW.thru OCTOBER 5

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Free Press

*** Larry DeVine,
Music by William Finn
"Simply delicious theatre" —
Book by William Finn and James Lapine
Observer & Eccentric
Victoria Diaz,
Directed by Nick Colanni
"Falsettos covers Jewish angst like cream
Music Directed by Ben Cohen
cheese covers an egg bagel:
The
Jewish
News
Susan Zweig,

AARON DEROY THEATRE

BROADWAY THEATRE •

OFF
IN s/ET BLOOMFIELD

Jewish Community Center
6600 W. Maple Road
West Bloomfield, MI

TICKETS...(248) 788-2900

Senior • Student • Group Discounts

Infrared Hearing Devices Available

The Jewish Community Center of Metropolitan Detroit
presents a concert for the whole family
in Conjunction with Apples and Honey...

Security Firm
Buys Algorithmic

Encorr

11{#1[11*

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Regularly seen on the Disney Channel and Nickelodeon, Craig was voted one of the

top children's performing artists by TV Guide and Entertainment Weekly.

SUNDAY, SEPTEMBER 28* • 4:00 P.M. • THE JEWISH COMMUNITY CENTER • MAPLE/DRAKE BUILDING

JCC Members: SS/person • (Maximum $25 per family) • Non-Members: $7/person

(Maximum $30 per family)

Please call ( 2 48) 661-76 49 #a purckase tucets

9/26
1997

216

Co- sponsored

Generatwn5

Together. Cohn-Haddow Endowment for the Art5,

Boaz 5Legel Culture Fund. Mannu g Natalie Charach Fndowment Fund. Paou Testarnentaril Foundaton

Jerusalem (JPFS) — Makhteshim
Chemical Works and Agan Chemical
Manufacturers announced that they
have exercised their option to purchase
the remaining 51 percent stake in
Spain's Aragonesas Agro for $10.5 mil- )
lion.
Last year, Makhteshim and its sub-
sidiary, Agan, purchased a 49 percent
stake in Aragonesas for $7.4 million, --\
including the option to purchase the
remaining shares within the next three
years.
The purchase reflects a strategy to
acquire companies in Europe and Latin
America. In 1996, Makhteshim and
Agan jointly bought four companies —
two in Brazil, one in Argentina, and
Aragonesas.
Makteshim and Agan bought the
Spanish company to expand into mar-
kets in Portugal, North Africa, and
France.
The two have other subsidiaries in
North America, the UK, France, Italy,
Romania, Greece, and Costa Rica.
As a result of the acquisitions, 87
percent of Makteshim's and Agan's busi-
ness is now conducted abroad.
Makhteshim is among the world's 25'
largest agrochemical companies and the
largest manufacturer of generic agro-
chemical products.
Koor Industries controls
Makhteshim.
The company's shares are traded on
the Tel Aviv Stock Exchange.

Jerusalem (JPFS) — Cylink
Corporation announced the acquisition L,
of information security company
Algorithmic Research for $82.7 million.
Cylink, a Sunnyvale, California-
based technology security leader with
annual turnover of more than $50 mil-
lion, spoke to 16 Israeli companies
before settling on the privately held,
Givat Shmuel-based company. The
company paid $44 million in cash and
$38.7 million for nearly three million
shares of common stock.
According to the terms of the agree-
ment, Algorithmic Research, an
Internet and smart-card security compa-
ny with sales of $7.25 million in 1996,
will become a wholly owned subsidiary
of Cylink. Algorithmic Research will
operate under current management.

N