Bloomberg News

Delta-Galil Rises Most Since February 2011 on Accord

May 02, 2012

(Corrects size and scope of the move from headline.)

Delta-Galil Industries Ltd. (DELT) surged the most in more than a year after the manufacturer of intimate apparel signed an accord to buy Schiesser Group AG for 68 million euros ($90 million).

The shares advanced 6 percent, the most since February last year, to 32.62 shekels at 10.22 a.m. in Tel Aviv, giving the company a market value of 767 million shekels ($202 million).

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


We Almost Lost the Nasdaq
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