(Reuters) - Israeli holding company Discount Investment Corp said on Monday it was raising its offer to acquire 650,000 shares in Property and Building Corp (PTBL.TA: Quote, Profile, Research, Stock Buzz) to 154 shekels a share ($38.6) from 126.
If the offer is accepted by Property and Building shareholders, Discount will book a capital gain of 238 shekels per acquired share for the deduction of negative goodwill resulting from the transaction, Discount said in a statement to the Tel Aviv Stock Exchange.
