The multifocal lens maker has made no announcement to the TASE about the media report.
Shares in Shamir Optical Industries Ltd. (Nasdaq: SHMR; TASE: SHMR) soared 21% in early trading on the TASE today following reports in the media that the company's management was in talks to sell the controlling interest at a large premium.
Shamir Optical has not responded with a notice to the Tel Aviv Stock Exchange (TASE) about the report. By mid-afternoon, the share fell back to a gain of 12.1%, at NIS 36.10. The share closed at $8.78 on Nasdaq yesterday, giving a market cap of $145 million.
Shamir Optical, based at Kibbutz Shamir, was founded in 1972. The company develops and manufactures multifocal lenses. The company also licenses use of its technology in exchange for royalties. It held its IPO on Nasdaq in 2005, and later dual-listed on the TASE.
Published by Globes [online], Israel business news - www.globes-online.com - on June 16, 2010
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