Bloomberg News

Alvarion Gains to Highest Since October as U.S. Stock Gains

December 14, 2011

(Updates with closing share price in second paragraph.)

Dec. 13 (Bloomberg) -- Alvarion Ltd. surged to the highest level since October following a gain in the telecommunication- equipment maker’s U.S. shares yesterday.

The shares rose 8.2 percent to 3.993 shekels, or the equivalent of $1.06, the highest level since Oct. 31 at the 4:30 p.m. close in Tel Aviv. The U.S.-traded shares rose 6.2 percent to $1.03.

Global market map: MMAP <GO> Most active stocks: MOST <GO> Global stocks stories: TOP STK <GO> Most read stock market stories: MNI STK <GO> Israel Daybook: NI ISRAELDAY <GO> Top Israel stories: TOP ISRAEL <GO>

--Editors: Shanthy Nambiar, Claudia Maedler

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

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


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