Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

BluePhoenix Gains Most in Four Months on AppBuilder Sale

Don't Miss Out —
Follow us on:

Oct. 31 (Bloomberg) -- BluePhoenix Solutions Ltd. gained the most in four months after the information-technology company agreed to sell its AppBuilder business to Magic Software Enterprises Ltd. for $17 million.

BluePhoenix shares jumped 13 percent, the biggest increase since June 28, to 3.122 shekels at the 4:30 p.m. close in Tel Aviv. Magic rose 2.9 percent to 18.02 shekels, the highest level since Aug. 4.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.