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Bill Ackman, founder and CEO of Pershing Square Capital Management.
Adam Jeffrey | CNBC
Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying nearly 5% of the Tel Aviv Stock Exchange, the exchange reported in a press release on Wednesday.
The announcement comes after the Israel Stock Exchange announced an offering price of 17,156,677 shares, representing 18.5% of market value, at 20.60 shekels ($5.50) per share, bringing the acquisition price for the Ackmans to $17.3 million. becomes.
“This transaction received strong interest from investors in Israel, the United States, Europe and Australia, reflecting a strong vote of confidence in the Tel Aviv Stock Exchange and the Israeli economy as a whole,” the statement said.
“Among the notable buyers are Neri Oxman and Bill Ackman, who have agreed to purchase an approximately 4.9% stake in TASE.” The plan is to use the money to invest in infrastructure, he added.
Mr. Ackman, CEO and founder of New York-based Pershing Square Capital Management, has been involved in the has been a vocal supporter. His wife, Neri Oxman, is an Israeli-American architectural designer and professor.
The acquisition marks Ackman’s first investment in Israel since the start of the war, Bloomberg reported. Ackman, who is Jewish, announced his resignation after more than 30 members of the university’s student body signed a statement demanding full responsibility for the Hamas-led October 7 attack that killed 1,200 people. He was embroiled in a dispute with his alma mater, Harvard University. Another 240 people were held hostage in Israel.
Ackman took to social media site He then published a 3,138-word letter about X to then-Harvard University President Claudine Gay outlining steps to combat rising anti-Semitism on campus.
Ackman later called for Gay’s resignation, claiming he was guilty of plagiarism and not doing enough to combat anti-Semitism at the university. Although Gay managed to retain his post after testifying in a heated Congressional hearing over hate speech and anti-Semitism on campus, the controversy ultimately led to his resignation in early January. Ta.
The hedge fund giant describes himself as both pro-Palestinian and pro-Israel, writing in a post on X in late October: @x It’s for Israel’s sake, but it shouldn’t be. I’m anti-terrorist, but not anti-Palestinian. Being pro-Israel and being pro-Palestinian are not contradictory. ”
“My pro-Palestinian perspective began more than 30 years ago when I was introduced to the Palestinian community and their plight in the early 1990s,” he added, adding, “My pro-Palestinian perspective began over 30 years ago when I was introduced to the Palestinian community and their plight.” We have invested millions of dollars to support them.”
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