mistux Site Admin
Joined: 25 Jun 2004 Posts: 1042 Location: South Bend, Indiana USA
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Posted: Wed Jul 05, 2006 10:31 am Post subject: Iscar bought by Warren Buffet |
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Warren Buffett’s $4 billion purchase of Iscar proves Israel is a high-tech powerhouse - that’s the reaction to the biggest buy-out in the country’s history.
Buffett, the richest investor in the world, has startled financial circles with his 80% buy-out of Iscar, a precision tools conglomerate operating out of Galilee. Not only that, but Buffett calls Israel a promising country for investors and he’ll visit this fall to check out other opportunities. Buffett says he’s always been pro-Israel and although he’s never visited, his wife has, many times. Why Iscar? The seventy-five year old tycoon said people were all important and he was enormously impressed by Iscar’s management. |
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