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After 2,700% rally since Oct. 7, Aryt controlling shareholder sells $108 million stak

image sourced from original article at https://www.ynetnews.com/business/article/bji7gqlbwe

Aryt's controlling shareholder, Levy, has sold a stake worth 108 million dollars to a mix of Israeli and foreign investors, including Phoenix and Mor, who increased their holdings. The transaction was completed at an 8 percent discount to the stock's closing price. Aryt's shares have experienced a dramatic surge, rising nearly 3,000 percent since the war in Israel began last October, and about 425 percent over the past year. The company recently faced resistance from investors over plans to list its subsidiary, Reshef Technologies, a proposal that was dropped after institutional shareholders voiced concerns.

Original article source: https://www.ynetnews.com/business/article/bji7gqlbwe
Source Id: 9044860977

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