Bloomberg News

Koor Heads for Seven-Week High as Discount Investment Raises Bid

October 05, 2011

Oct. 5 (Bloomberg) -- Koor Industries Ltd. headed for the highest close since Aug. 15 after Discount Investment Corp. raised its offer for 3.3 million shares of the holding company from 35 shekels a share to 38.5 shekels.

Koor shares rose 7.7 percent to 37.60 shekels at 10:12 a.m. in Tel Aviv. Discount shares increased 3.2 percent to 31.99 shekels.

--Editors: Peter Branton, Tim Farrand

#<112284.4933480.2.1.95.14779.25># -0- Oct/05/2011 08:27 GMT

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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