Hedge fund billionaire Bill Ackman buys nearly 5% stake in Tel Aviv Stock Exchange

(CNBC) The announcement came as the Israeli exchange announced the pricing of a secondary offering of 17,156,677 shares, or 18.5% of its market value, priced at 20.60 shekels ($5.50) per share, putting Ackman and his wife’s purchase at about $25 million, according to CNBC calculations.

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