Deals
Clal Rises as Buffett’s Berkshire to Buy Unit: Tel Aviv Mover
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Clal Insurance Enterprise Holdings Ltd. rose to the highest level in almost two weeks after the insurance holding company said a unit of billionaire Warren Buffett’s Berkshire Hathaway Inc. agreed to acquire a U.S. unit.
The shares gained 3.7 percent to 35.83 shekels, the highest since Aug. 7, at the close in Tel Aviv. IDB Holding Corp., which holds a stake in Clal Insurance via its IDB Development Corp. unit, surged 7.4 percent to 17.80 shekels.