Nice Advances to Three-Year High, Narrows Gap With U.S. Shares

Nice Systems Ltd. (NICE), an Israeli maker of analytical telecommunications software, rallied to the highest level since November 2007, narrowing the gap with its U.S.-traded shares.

The shares added 2.8 percent to 141.40 shekels, or the equivalent of $37.72, the highest level since November 2007 at 10:20 a.m. in Tel Aviv. The stock rose 4.3 percent to close at $37.98 in New York yesterday.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

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

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