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Cimatron Surges Most in 5 Months in Israel on Cash Distribution

Cimatron Ltd. (CIMT) soared the most in almost five months after the provider of software products for manufacturing industries said it received court approval for a $10 million cash distribution to shareholders.

The shares climbed 13 percent, the most on an intraday basis since Nov. 29, to 15.55 shekels at 1:02 p.m. in Tel Aviv.

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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