Israel Newsletter News Roundup 6/14/2007
Written by: Zack Miller | June 14, 2007
Well, I guess the cat is now out of the proverbial bag with the Reuters story that the positive action we’ve seen in Ormat (ORA) over the past couple of days was businessman, Chaim Katzman’s (no relation to IsraelNewsletter.com’s Aaron Katsman) Gazit Inc. acquiring a 12% stake in Ormat worth about $168MM. See our previous coverage on what we assumed was going on at Ormat.
Interesting interview on Globes with Homi Shamir, Given Imaging’s (GIVN) recently appointed CEO. In the interview, he claims that GIVN is not being set up to be taken out by a larger entity. He also commits to 25-30% year-over-year revenue growth. Interesting read.
CIBC initiates on CEVA (CEVA), an interesting company with a market cap under $200MM. We’ll talk about this company in a later post.
TheMarker has launched the Gaydamak Index. For those who don’t know, Arcadi Gaydamak is a Russian-Israeli billionaire (estimated to be worth about 4 Billion Pounds) who has stormed onto the Israeli political scene recently with some highly-publicized events (see his Wikipedia entry here). He recently purchased 4 publicly traded Israeli firms as part of a foray into the capital markets here in Israel. So far, the index is down 8%…
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