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Cantor Investment Bank identifies opportunity in semiconductor equipment stocks—but excludes Nova and Camtek

Cantor Investment Bank sees opportunity in semiconductor equipment stocks, though it notes that while AI infrastructure buildout is steady and prolonged, Nova and Camtek's growth rates are lower than the broader market. Both stocks have fallen double digits from their recent peaks.

Globes (Hebrew, translated) · 2 hours ago · Nova, Camtek

Product recall adds to Maytronics' woes

Maytronics has issued a recall for its Niya Aquasweep S10 pool vacuum cleaner due to fire hazard concerns, compounding the company's financial difficulties.

Globes · 3 hours ago · Maytronics

Declines in Tel Aviv ease: banks weigh down, technology rises

The Tel Aviv stock exchange continues to decline, led by bank and financial stocks dragging the market down, while the technology sector and energy index gain. Kalal is considering an investment in Wilio Bais at a pre-money valuation of 600 million shekels, and Doral jumps on the back of massive server farm revenue guidance.

Globes (Hebrew, translated) · 3 hours ago · Kalal, Wilio Bais, Doral

Report: Nice in talks to sell Actimize to Canadian Brookfield fund for about $2 billion

According to Sky News, Canadian investment giant Brookfield is in negotiations to acquire Actimize from Nice for approximately $2 billion. The financial risk management operations, based on Actimize which Nice acquired in 2007, have been reported to be under sale consideration in recent months.

Globes (Hebrew, translated) · 3 hours ago · Nice

Class action against banks approved: they did not pay interest on positive current account balances

A class action lawsuit has been approved against Bank Leumi, Mizrahi Tefahot, Discount Bank, and Bank Hapoalim for failing to pay interest on positive current account balances. The plaintiffs claim the banks acted in bad faith by not paying interest despite significant interest rate increases in the economy since April 2022, with alleged damages in the billions of shekels.

Globes (Hebrew, translated) · 4 hours ago · Bank Leumi, Mizrahi Tefahot, Discount Bank, Bank Hapoalim

On the Way to Half-Billion Shekel Dividend Distribution: Partner Buys Out All Opponents

Partner Communications is repaying debt to bondholders who opposed a special dividend distribution, in an effort to clear the way for the payout. The company previously completed a similar early redemption of 140 million shekels for Series H bonds that had opposed the move.

Globes (Hebrew, translated) · 4 hours ago · Partner Communications, Ampisea

Just before the IPO, Karpoor appoints a different chairman

Karpoor's former CEO Michael Lobowitz will move to a business development advisor role rather than becoming co-chairman at Electra Consumer Products as previously announced. The company's "basket of the state" program is expected to end next month due to high operating costs and profitability pressure.

Globes (Hebrew, translated) · 4 hours ago · Karpoor, Electra Consumer Products

As car insurance premiums plummet, "Globes" finds out why

According to the Central Bureau of Statistics, the average price of vehicle insurance dropped by 8% in August alone.

Globes · 4 hours ago

Doral and Ampa project $150 million annual revenue from data center in Har Tuv

Renewable energy company Doral and real estate company Ampa report expectations for $150 million in annual revenue from a data center they are building in Har Tuv, near Beit Shemesh.

Globes (Hebrew, translated) · 4 hours ago · Doral, Ampa

After Kael deal collapse: Hersh and Hamburger to write a check of 187 million shekels to Discount and International

Following the Competition Authority's decision to block a transaction, Hersh and Hamburger will pay 135 million shekels in compensation to Discount Bank and the remainder to Bank Leumi (International).

Globes (Hebrew, translated) · 5 hours ago · Hersh and Hamburger, Discount Bank, Bank Leumi, Kael

Clal Insurance renews pursuit of investment bank Value Base

Clal Insurance is in early-stage negotiations to acquire investment bank Value Base at a valuation of NIS 600 million.

Globes · 6 hours ago · Clal Insurance, Value Base

During the Crisis: Mitrani Aquatics Recalls Product Due to Fire Risk

Mitrani Aquatics, a pool products manufacturer, is recalling the Niya Aquasweep S10 pool cleaner after discovering that water could enter the device and cause electrical shorts and fires. The recall comes during a difficult period for the company, which is experiencing losses and declining sales while seeking investment from venture funds.

Globes (Hebrew, translated) · 6 hours ago · Mitrani Aquatics