Business in Brief
IDB Development, Discount may merge; Traditional mutual funds suffer redemptions; Mazor Robotics loss widens as sales decline; Delek may take write-down in Phoenix sale; Banks pace gains in Tel Aviv market.
IDB Development, Discount may merge
Moti Ben-Moshe and Eduardo Elsztain, who took over the IDB group earlier this year, are examining the possibility of merging the two companies at the top of the holding group’s pyramid structure, or alternatively taking one private. IDB Development Corporation and its Discount Investment Corporation unit told the Tel Aviv Stock Exchange on Tuesday that...
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