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Cimatron Surges Most in 5 Months in Israel on Cash Distribution

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April 18 (Bloomberg) -- Cimatron Ltd. 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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