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

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June 12 (Bloomberg) -- 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.

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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