Deals
Ackman Ramps Up Israel Support With Stake in Tel Aviv Bourse
- Bill Ackman and wife Neri Oxman are buying a 5% stake
- Ackman has spoken out against antisemitism since war began
An electronic ticker displays stock price information above a sign reading 'One Nation, Together We Will Win' in the Tel Aviv Stock Exchange in Tel Aviv, Israel.
Photographer: Kobi Wolf/BloombergThis article is for subscribers only.
Bill Ackman and his wife Neri Oxman have bought a stake in the Tel Aviv bourse, one of the most prominent investments in Israel since its war with Hamas erupted.
Ackman, 57, who has railed against a rise in antisemitism since the Hamas attacks and Israel’s subsequent retaliation, and Oxman are buying 5% of Tel Aviv Stock Exchange Ltd. The deal is part of a roughly 18.5% stake sale to foreign and local investors for 353 million shekels ($95 million), meaning the couple would have paid $25 million, according to calculations by Bloomberg.