Bloomberg News

EZ Energy Surges Most in 10 Months on GPM Offer for Unit Stake

June 12, 2012

EZ Energy Ltd. (EZ) soared the most in 10 months after the operator of gas stations and convenience stores said GPM Investments LLC offered to buy a 50 percent stake in its U.S. unit.

The shares jumped 19 percent, the most since Aug. 4, to 0.032 shekel at 11:04 a.m. in Tel Aviv, giving the Ramat Gan, Israel-based company a market value of 33.4 million shekels ($8.6 million).

EZ Energy said GPM offered $15 million for the stake in EZ Energy USA Inc.

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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