Industrial Building Climbs to Highest Since November in Tel Aviv
Industrial Buildings Corp. (IBLD) rose to the highest in more than two months after the operator of industrial buildings said Jerusalem Economy Ltd. (ECJM), its parent company, is considering buying the outstanding shares.
Industrial Buildings gained 2.4 percent to 6.09 shekels, the highest since Nov. 8, at the 4:30 p.m. close in Tel Aviv. Jerusalem Economy, which owns a 79.54 percent stake in Industrial Buildings according to data compiled by Bloomberg, climbed 4.7 percent to 26.30 shekels.
Industrial Buildings said Jerusalem Economy may buy the stake in a share swap.
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