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Billionaire Investor Bill Ackman and Wife Buy 4.9% Stake in Tel Aviv Stock Exchange
A man enters the Tel Aviv Stock Exchange, Jan. 29, 2017. Photo: Reuters / Baz Ratner.
Billionaire investor Bill Ackman and his Israel-born wife Neri Oxman purchased 4.9% of the Tel Aviv Stock Exchange on Wednesday, with an investment of $17 million. The deal comes as the flagship Israeli exchange announced a sale of 18.5% of the exchange to a consortium of foreign and domestic investors.
The shares sold were previously held by three of the major Israeli banks, Hapoalim, First International, and Mizrahi, and according to the exchange will help with liquidity and technology infrastructure.
Ackman’s purchase is an immediate profit for the Jewish hedge fund manager of Pershing Square Capital Management with a net worth of $4.9 billion. Due to an agreement made in 2017 when the exchange first expressed openness to selling some shares to private investors, they agreed to sell at a price of NIS 5.08 per share. However, the current price is four times that – 20.60 NIS – so Ackman and the other investors immediately quadrupled their investment.
Ackman has figured prominently on social media since the war’s outbreak on October 7, when Hamas terrorists raided southern Israel, massacring more than 1,200 Israeli and taking captive over 240 to the Gaza Strip. Since then, he has defended Israel and even led a campaign against his former university Harvard, and their disgraced former president Claudine Gay after she refused to condemn calls for genocide against Jews.
His wife is a renowned designed who grew up in Haifa and has a Ph.D. from MIT. The couple married in 2019 and have since been working together on Ackman’s firm’s philanthropic arm, Pershing Square Foundation.
The purchase of shares of the Tel Aviv Stock Exchange is Ackman’s first investment in the country since the Israel-Hamas war started on October 7.
The exchange said of the news “The transaction drew robust interest from investors across Israel, the United States, Europe, and Australia, reflecting a strong vote of confidence in both the Tel Aviv Stock Exchange and the Israeli economy at large.”
The post Billionaire Investor Bill Ackman and Wife Buy 4.9% Stake in Tel Aviv Stock Exchange first appeared on Algemeiner.com.
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240 Arrested as IDF Dismantles Hamas HQ Inside Kamel Adwan Hospital
Illustrative. Smoke rises following Israeli strikes in Gaza, October 8, 2023. Photo: REUTERS/Mohammed Salem
i24 News – Israeli forces concluded an operation to dismantle a Hamas terror headquarters in Gaza’s Kamel Adwan Hospital. Some 240 terror suspects were arrested, including the hospital’s director and some 15 terrorists who took part in the October 7 massacre.
The post 240 Arrested as IDF Dismantles Hamas HQ Inside Kamel Adwan Hospital first appeared on Algemeiner.com.
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IAF Downs Two Gazan Rockets Fired Towards Jerusalem
Illustrative. Rockets are fired from Gaza into Israel, in Gaza May 11, 2023. REUTERS/Mohammd Salem
JNS.org – The Israeli Air Force on Saturday downed two rockets fired by Palestinian terrorists in the northern Gaza Strip towards Jerusalem.
The attack triggered air-raid sirens in the capital, the Western Negev and the the Judean Foothills (the Shfela).
There were no reports of injuries.
Following the rocket fire, the military again called on Palestinians to evacuate parts of the northern Strip.
“Urgent warning to all those who have not yet evacuated the area specified in the map, and the Beit Hanun area [in the Strip’s northeast] in particular,” Col. Avichay Adraee, the IDF’s Arabic-language spokesman, posted to X.
“This area has been warned many times in the past. The IDF is operating in this area with force. You must evacuate the area immediately and move south towards Salah El Din Road. Moving via another road exposes you to danger,” he added.
On Dec. 11, Palestinian terrorists in Gaza fired four rockets at southern Israel, setting off sirens in several towns and villages along the border. The Israel Defense Forces intercepted two of the rockets, with the others impacting in open areas, causing no damage.
On Dec. 3, the IAF intercepted one rocket fired from northern Gaza.
The IDF’s year-plus-long offensive against Hamas in the enclave has greatly curbed rocket fire from the Strip, although Palestinian terrorists still intermittently target the Jewish state.
The post IAF Downs Two Gazan Rockets Fired Towards Jerusalem first appeared on Algemeiner.com.
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Putin Apologizes Over ‘Tragic Incident’ with Azerbaijan Airlines Plane Crash
Russian President Vladimir Putin delivers a speech during a session of the St. Petersburg International Economic Forum. Photo: Reuters/Maxim Shemetov
i24 News – Russian leader Vladimir Putin on Saturday apologized to Azerbaijan President Ilham Aliyev for what he said represented a “tragic incident” in Russian airspace involving an Azerbaijan Airlines passenger plane that crashed on Wednesday.
Flight J2-8243 crashed in a ball of fire near the city of Aktau in Kazakhstan after diverting from southern Russia where Ukrainian drones were reported to be attacking several cities. At least 38 people were killed while 29 survived.
“Vladimir Putin apologized for the tragic incident that occurred in Russian airspace and once again expressed his deep and sincere condolences to the families of the victims and wished a speedy recovery to the injured,” the Kremlin said in a statement.
“It was noted in the conversation that the Azerbaijani passenger aircraft, which was traveling according to its schedule, repeatedly tried to land at Grozny airport. At that time, Grozny, Mozdok and Vladikavkaz were being attacked by Ukrainian unmanned aerial vehicles, and Russian air defense systems repelled these attacks,” the Kremlin said.
The post Putin Apologizes Over ‘Tragic Incident’ with Azerbaijan Airlines Plane Crash first appeared on Algemeiner.com.
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