Visonic Soars Most on Record on Talks to Be Acquired By Tyco

Visonic Ltd. (VSC) surged the most on record after the Israeli maker of security-alarm systems said it is in talks to be acquired by Tyco International Inc. based on a company value of $90 million to $105 million.

The shares rose 76 percent, the biggest increase since at least April 2006 when Bloomberg began tracking the stock, to 5.86 shekels at the 4:30 p.m. close in Tel Aviv, giving the company a market value of 245 million shekels ($72 million).

To contact the reporter on this story: Susan Lerner in Jerusalem at

To contact the editor responsible for this story: Claudia Maedler at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to 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.