Bloomberg News

U. Dori Climbs Most in 5 Weeks as Gazit-Globe Evaluates Options

October 24, 2011

Oct. 24 (Bloomberg) -- U. Dori Group Ltd. advanced the most in more than five weeks after Gazit-Globe Ltd. said it was considering combining the real-estate developer with Gazit Israel or bringing additional partners into the company.

U. Dori shares jumped 9.6 percent, the biggest intraday gain since Sept. 15, to 1.49 shekels at 11:10 a.m. in Tel Aviv, giving the Ra’anana, Israel-based company a market value of 172 million shekels ($47 million). Gazit-Globe slipped 0.4 percent to 40.41 shekels.

--Editors: Peter Branton, Tim Farrand

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


Race, Class, and the Future of Ferguson
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus