Jan. 9 (Bloomberg) -- Orckit Communications Ltd. soared the most since March 2010 after telecommunications equipment provider said it reached an agreement in principle with representatives of its Series A convertible notes’ holders.
The shares surged 21 percent to 3.33 shekels at 2:55 p.m. in Tel Aviv, giving the company a market value of 76 million shekels ($20 million).
--Editors: Shanthy Nambiar, Shaji Mathew
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com