Streetbeat News

TVAVF

Tel Aviv Stock Exchange Ltd

Open

9.80

Mkt cap

1.1B

Volume

400

High

11.44

P/E Ratio

45.76

52-wk high

11.44

Low

9.80

Div yield

0.04

52-wk low

4.65

Bill Ackman and Neri Oxman have acquired a 5% stake in the Tel Aviv Stock Exchange Ltd (TVAVF) for $17 million. This is Ackman's first major investment in Israel amid the conflict with Hamas. The Tel Aviv Stock Exchange confirmed the sale of an 18.5% stake to investors, with Ackman and Oxman being the only named buyers in the deal arranged by Jefferies Financial Group Inc. (JEF). Ackman has been addressing the rise in antisemitism and controversies involving Oxman's academic work. Despite these issues, Ackman's Pershing Square Capital Management reported a strong performance in 2023 with a 26.7% return.

Portfolio Pulse from Benzinga Neuro

January 24, 2024 | 8:00 am

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