Bloomberg News

Teva Surges Most in 10 Months After Advancing in U.S. Trade

October 02, 2011

(Updates with closing share price in second paragraph.)

Oct. 2 (Bloomberg) -- Teva Pharmaceutical Industries Ltd. soared the most in 10 months following advances in New York trading.

The shares gained 5.7 percent, the biggest increase since Dec. 9, to 140.70 shekels, the equivalent of $37.53, at the 4:30 p.m. close in Tel Aviv. The U.S.-traded shares closed at $37.22 on Sept. 30 after gaining 5 percent while the Israeli market was closed for a Jewish holiday.

--Editor: Claudia Maedler

To contact the reporter on this story: Gwen Ackerman in Jerusalem at gackerman@bloomberg.net

To contact the editor responsible for this story: Susan Lerner at slerner2@bloomberg.net


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