Altshuler-Shacham Founders Sell Control in $275 Million Deal
The founders of the investment house Altshuler-Shacham have signed a deal to sell their controlling stake in the company for approximately one billion shekels (around $275 million USD). The agreement marks a significant exit for the founders, whose firm has grown substantially over the years.
Following the deal's completion, the company, known as "Vishur" in the context of the article's headline, will face scrutiny from investors to gauge their satisfaction with the transaction. The performance of Altshuler-Shacham's stock will also be closely watched for reactions to the sale.
This transaction occurs amidst broader market movements, including a rise in the dollar against the shekel, with the dollar increasing by 0.7% to 3.04 shekels. Additionally, oil prices continue their upward trend, with crude oil jumping nearly 3% to trade above $107 per barrel.
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