Alvarion, Perrigo, Ratio Oil, Teva: Israeli Equity Preview

The following stocks may rise or fall in Israeli markets. Stock symbols are in parentheses after the company names and prices are from the last close unless otherwise stated.

The TA-25 Index lost 0.3 percent to 1,291.89 in Tel Aviv.

Alvarion Ltd. (ALVR) : The maker of wireless telecommunications equipment said its first-quarter loss widened to $14.5 million from $4.9 million a year earlier. Alvarion climbed 1 percent to 5.765 shekels.

Perrigo Co. (PRGO) : The maker of over-the-counter drugs received a final approval from the U.S. Food and Drug Administration for its abbreviated new drug application for over-the-counter Minoxidil foam, a generic version of Men’s Rogaine Foam, a hair-growth treatment. Perrigo, which is scheduled to report fiscal third-quarter results today, declined 0.6 percent to 299.50 shekels.

Ratio Oil Exploration 1992 LP (RATIL) : The oil and gas explorer is offering up to 500 million partnership units at 0.44 shekel each. Ratio was unchanged at 0.452 shekel.

Teva Pharmaceutical Industries Ltd. (TEVA) : The world’s largest maker of generic drugs plans to acquire Taiyo Pharmaceutical Industry Co. for about 40 billion yen ($490 million), the Nikkei newspaper reported yesterday. Teva rose 3.5 percent to 161.20 shekels.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.