(NorthJersey.com) Hannan Adely - New Jersey will begin pulling $182 million in Unilever stocks and bonds three months after a preliminary investigation found that its subsidiary, Ben & Jerry's, engaged in a boycott of Israeli-controlled territories. Unilever did not appeal the findings of the investigation. "The provisional determination of ineligibility for Unilever became final on Dec. 1," said Danielle Currie, a spokeswoman for the New Jersey Department of Treasury. "The Division [of Investment] has placed the company on its prohibited investment list." Pension officials in New York, Arizona, Illinois and Florida have also moved to sell shares in Unilever because of anti-boycott laws. New Jersey is one of more than 30 states with laws that bar investment in companies that engage in boycotts targeting Israel.
2021-12-09 00:00:00Full ArticleBACK Visit the Daily Alert Archive