MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Geographical Quirk Sends Israel ETF Surging After Mylan Moves On Perrigo

TedTed
in The Bullpen
FYI: The biggest exchange-traded fund winner after news that Perrigo (PRGO) could be bought by Mylan (MYL) is… Israel?

That’s right, the Market Vectors Israel ETF (ISRA) has by far the largest position, 12%, in Perrigo, according to XTF. Shares had jumped 22% to $201 at recent check after Mylan offered $205 a shares in cash and stock for Perrigo, a 25% premium over Tuesday’s closing price. The Israel ETF surged 3.4%, albeit on light volume.
Regards,
Ted
http://blogs.barrons.com/focusonfunds/2015/04/08/geographical-quirk-sends-israel-etf-surging-after-mylan-moves-on-perrigo/tab/print/
Sign In or Register to comment.