"Bill Ackman and Wife Acquire 4.9% Stake in Tel Aviv Stock Exchange"
TL;DR
Billionaire hedge fund manager Bill Ackman and his wife Neri Oxman have acquired a 4.9% stake in the Tel Aviv Stock Exchange (TASE) for $25 million as part of TASE's secondary offering. The purchase, which drew interest from investors globally, is expected to close on Jan. 25. Ackman cited the potential for a significant return and expressed confidence in Israel's economy and long-term future. The funds raised will be used to invest in TASE's technology infrastructure.
- Bill Ackman, wife buy 4.9% stake in Israeli stock exchange Reuters.com
- Hedge fund billionaire Bill Ackman and wife Neri Oxman buy nearly 5% stake in Tel Aviv Stock Exchange CNBC
- Bill Ackman buys stake in Tel Aviv stock exchange in ‘vote of confidence’ for Israeli economy CNN
- Bill Ackman, Neri Oxman buy 4.9% TASE stake Globes
- Bill Ackman, Neri Oxman Buy Stake in Tel Aviv Stock Exchange The Wall Street Journal
Want the full story? Read the original reporting
Read on Reuters.com