Delek The Israeli Fuel Corp. headed for the biggest surge in more than four years after a related company offered to pay a premium for all outstanding shares, a step that will help Delek Group Ltd. simplify its structure.
SodaStream International Ltd. rose to the highest level in three weeks in New York on prospects a partnership with Samsung Electronics Co. will help the Israeli company beat analysts’ revenue estimates this year.
Options traders are boosting bets that SodaStream International Ltd. shares will fall after an eight-month rally in the Israeli producer of homemade soda machines pushed valuations to seven times the Standard & Poor’s 500 Index.
Radware Ltd. surged the most in four months in New York on prospects cloud computing demand will boost revenue for the Israeli technology company. Mellanox Technologies Ltd.’s premium to its Tel Aviv shares widened.
Israel Land Development Co. Energy Ltd. plunged the most on record and Modiin-LP slumped after the natural-gas exploration companies decided to abandon the Sara 1/348 well because data showed the site is a “dry hole.”
Strauss Group Ltd., the Israeli food maker that gets more than half its sales overseas, will slow its international expansion as the European debt crisis curbs global growth, Chairman Ofra Strauss said.