Caesarstone (CSTE) Gains Following on Reports of Investment from Tene

September 12, 2016 10:10 AM EDT

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Gains in Caesarstone (NASDAQ: CSTE) were tied to reports Tene Investment Funds agreed to acquire 1 million shares from Kibbutz Sdot Yam for $43.5 million, according to Bloomberg. Tene has an option to buy 2 million more shares.

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