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Iscar bought by Warren Buffet

 
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mistux
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Joined: 25 Jun 2004
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Location: South Bend, Indiana USA

PostPosted: Wed Jul 05, 2006 10:31 am    Post subject: Iscar bought by Warren Buffet Reply with quote

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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