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EZ Energy Rises Most in 3 Months on GPM Offer to Buy Unit

EZ Energy Ltd. soared the most in almost three months after the operator of gas stations and convenience stores said GPM Investments LLC offered to buy a 50 percent stake in its U.S. unit.

The shares rallied 11 percent, the most since March 21, to 0.03 shekel at the 4:30 p.m. close in Tel Aviv, giving the Ramat Gan, Israel-based company a market value of 31.3 million shekels ($8 million). The TA-25 Index was little changed.

EZ Energy said GPM offered $15 million for the stake in EZ Energy USA Inc.

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