Deals
Clal Industries Surges as IDB Unit Sells Stake: Tel Aviv Mover
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Clal Industries and Investments Ltd. advanced the most in more than two months after IDB Development Corp. signed an agreement to sell a stake in the investment company to Access Industries Holdings Inc.
Shares of Tel Aviv-based Clal increased 3.8 percent, the most since March 1, to 11.86 shekels at the close in Tel Aviv. IDB Holding Corp. gained as much as 18 percent before closing