American Investor Buys Israeli Firm for $4 Billion

(Sunday Times-UK) Tracey Boles - American investment guru Warren Buffett's Berkshire Hathaway investment company has bought an 80% stake in Iscar, an Israeli firm specializing in metal cutting tools, for $4 billion. The Wertheimer family, which will retain ownership of the remaining 20%, founded the firm 50 years ago.


2006-05-08 00:00:00

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