Bloomberg News

Marathon Investments Soars Most on Record on Talks for Unit Sale

January 23, 2012

Jan. 22 (Bloomberg) -- Marathon Investments Ltd. soared the most on record after the venture capital fund said it is in talks to sell a unit for 210 million shekels ($56 million).

The shares soared 50 percent, the most since at least February 1996, when Bloomberg started tracking the stock, to 1.112 shekels at 11:45 a.m. in Tel Aviv. The stock is down 17 percent over the past year, giving the Tel Aviv-based company a market value of 94 million shekels.

--Editors: Susan Lerner, 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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