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SodaStream’s Outlook Bucks Monthly Drop: Israel Overnight

SodaStream International Ltd. surged the most in 11 weeks in New York after the Israeli maker of home soda machines raised its sales outlook, trimming a monthly decline that was driven by waning speculation of a buyout.

Shares of the Airport City, Israel-based company jumped 12 percent to $65.08 yesterday. The Bloomberg Israel-US Equity Index rose 6.5 percent last month, the most since October 2011, led by Cellcom Israel Ltd. and Partner Communications Co. The shekel extended its biggest monthly gain this year after Bank Hapoalim Ltd.’s chief economist Leo Leiderman was nominated as the next Bank of Israel governor.