Warren Buffett to Buy 80% of Israeli Company Iscar
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Warren Buffett, the legendary Omaha, Nebraska, investor, announced on Friday that he would purchase 80% of the Israeli company Iscar. The company’s current owners, the famous Wertheimer family, will receive some $4 billion for the deal.
The deal is the largest ever purchase of an Israeli company and makes the Wertheimer family the single wealthiest family in Israel.
Buffett: All 2,000 Iscar Employees Will Keep Jobs
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Warren Buffett, the legendary investor from Omaha, Nebraska, who purchased 80 percent of the Israeli company Iscar for some $4 billion, has decided not to make any changes in the corporation or its management, and vowed that none of the 2,000 Israelis working for Iscar in Israel would lose their jobs.





