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BluePhoenix Rises Most in 3 Months, Paring U.S. Share Discount

Oct. 9 (Bloomberg) -- BluePhoenix Solutions Ltd. climbed the most in more than three months in Tel Aviv, trimming the discount with the U.S.-traded shares of the software company.

The stock jumped 11 percent, the biggest intraday gain since June 28, to 2.389 shekels, the equivalent of 64 U.S. cents as of 11:52 a.m. local time, giving the Herzliya, Israel-based company a market value of 59.3 million shekels ($16 million). The shares rose 5.7 percent to 65 cents in New York on Oct. 7.

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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