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Biotech / Medical : TEVIY: Teva Pharmaceutical Indus

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From: Dorine Essey2/11/2001 9:29:29 PM
   of 1
 
DJ Israel's Teva Up More Than 8% Midday On ADR Arbitrage

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DJ Israel's Teva Up More Than 8% Midday On ADR Arbitrage

11 Feb 05:26


JERUSALEM (Dow Jones)--Shares in Teva Pharmaceutical Industries Ltd. (TEVA)
are up more than 8% midday Sunday, on arbitrage trade with Nasdaq-listed
American Depositary Receipts.

At 1020 GMT, Teva shares were trading at 235.40 shekels ($1=ILS4.1150), up
8.4% from ILS217.10 at the end of trading Thursday. Volume in Teva - ILS30.4
million - accounts for about a quarter of the overall volume of ILS120.3
million.

-By Amy Teibel, Dow Jones Newswires; +972-2-537-6985; amy.teibel@dowjones.com
-0- 11/02/01 10-26G
(END) DOW JONES NEWS 02-11-01
05:26 AM
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