Bloomberg News

Migdal Rises Most in Two Years as Generali Receives Bids

January 16, 2012

(Updates with closing share price in second paragraph.)

Jan. 15 (Bloomberg) -- Migdal Insurance & Financial Holding Ltd. rose the most in more than two years after it said controlling shareholder Assicurazioni Generali SpA received bids for a holding in the Israeli company.

The shares climbed 5.9 percent to 5.70 shekels, the most since August 2009, at the 4:30 p.m. close in Tel Aviv.

--Editors: Claudia Maedler, Inal Ersan

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


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