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 slerner2@bloomberg.net

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

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