Business in Brief

Reuters

Lumenis stock jumps 7.9% on report that it may be acquired by Chinese company

Shares of Lumenis soared in New York Tuesday after a report that Fosun, one of China’s biggest privately owned conglomerates, was in talks to buy the Israeli medical laser device maker for nearly $500 million. The financial daily Calcalist reported that Fosun has made initial contact with Nasdaq-listed Lumenis and the Israeli business would accept an offer of $480 million, which values it at 26% more than its market capitalization. A Fosun spokeswoman in Beijing and Lumenis Corporate Marketing Director Sigal Deutsch both said that their companies do not comment on market rumors. Lumenis shares were up 7.9% on the day’s trading in New York on Tuesday. (Reuters)

Check Point reportedly planning to buy Hyperwise Security for $80 million

Tel Aviv-based Internet and network security provider Check Point Software Technologies plans to buy Israeli cyber-security startup Hyperwise Security for $80 million, Calcalist reported on its website yesterday. Check Point declined to comment on the report, and officials at Hyperwise Security could not be reached for comment. Calcalist noted that Hyperwise Security, which helps protect companies and organizations from cyber attacks, was formed by Shlomo Kramer, a co-founder of Check Point who left that company over a decade ago. (Reuters)

Hamashbir selling 50% of 365 Club Finance subsidiary to Yeinot Bitan

Hamashbir 365 Holdings announced on Tuesday that it is selling a 50% stake in its 365 Club Finance subsidiary to the Yeinot Bitan supermarket retailer for 12 million shekels ($3.1 million). In response, shares of Hamashbir, which operates the department store chain of the same name, jumped 2.4% on the day. The company’s new relationship with discount food retailer Yeinot Bitan will have the supermarket chain provide perks to members of the Cal 365 credit card club. (Eran Azran)

Cellcom already has 12,000 subscribers to its cable TV service

Cellcom Israel, the cellular communications service provider that is part of the IDB group, has already signed up 12,000 customers to its Cellcom TV cable television service since it was launched at the beginning of the year, TheMarker has learned. By comparison, HOT’s well-established cable television service, which Cellcom is competing against, reported in the third quarter of last year that it had lost 4,000 customers, while Yes said it had gained 3,300 subscribers to its satellite television service. Cellcom TV offers a narrower range of programming than the two major players, but it charges only 99 shekels ($26) per month compared to the 250 to 300 shekels ($65 to $78) that the two major providers charge for their packages, although there are signs that prices in the market may be dropping. (Amitai Ziv)

TASE stocks rise, led by natural gas shares

Shares were generally higher on the Tel Aviv Stock Exchange yesterday, led by a jump in natural gas company shares following the disclosure by TheMarker of government guidelines that would break up the offshore gas monopoly and set a maximum price for gas. The benchmark Tel Aviv-25 index rose by 0.6% to 1,483.67 points, while the Tel Aviv-100 index climbed 0.4% to 1,307.61. Volume was nearly 1.19 billion shekels ($309 million). Shares of Delek Drilling, a major player in Israel’s offshore gas industry, jumped 7%, while shares of its parent, the Delek Group, rose by 6.7%. Ratio Oil Exploration jumped by 6% and Avner Oil Exploration by 5.7%. Among other shares of note, Bank Leumi gained 1.2% on the day’s trading while Mazor Robotics lost 5.6% against the backdrop of a drop in revenues in the United States. Shares of Icecure Medical dropped by 10.1% (Dror Reich