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Alvarion Soars to 2-Month High in Israel After U.S. Stock Gains

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Jan. 8 (Bloomberg) -- Alvarion Ltd. surged to the highest level since October following a gain in the telecommunication-equipment maker’s U.S. shares on Jan. 6.

The stock jumped 11 percent to 4.05 shekels, or the equivalent of $1.05, the highest level since Oct. 31, at the 4:30 p.m. close in Tel Aviv. The U.S.-traded shares rose 4.7 percent to $1.01.

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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