[ad_1] Former Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) CEO Kåre Schultz earned $107 million throughout his time period as head of the Israeli firm between December 2017 and the tip of 2022. Throughout 2022 his remuneration amounted to $15.5 million. Government remuneration figures for 2022 had been revealed yesterday within the invitation to Teva’s annual shareholders assembly on June 15. Schultz, who stepped down on the finish of 2022 and was changed by Richard Francis, acquired related remuneration final 12 months as lately: a fundamental annual wage of $2 million, capital remuneration of $10 million, different remuneration…
Author: Shiri Habib-Valdhorn
[ad_1] Whereas the Nasdaq index rose 16.8%, many Israeli corporations far outperformed that rise. Many of the Israeli tech corporations shares traded on Wall Avenue posted robust positive factors within the first quarter of 2023. Whereas the Nasdaq index rose 16.8%, many Israeli corporations far outperformed that rise. Adtech firm Perion Community (Nasdaq: PERI) rose 56.4% within the first quarter and e-commerce firm International-E (Nasdaq: GLBE) rose by an analogous proportion. Different shares that carried out effectively within the first quarter included metrology corporations Camtek (Nasdaq: CAMT), and Nova (Nasdaq: NVMI), web site constructing firm Wix.com (Nasdaq:…
[ad_1] Israeli geothermal vitality firm Ormat Applied sciences Inc. (NYSE: ORA; TASE: ORA) is elevating $300 million, which will probably be used for common company functions, together with working capital and capital expenditures, and for potential acquisitions, together with complementary companies, applied sciences or belongings. The corporate has priced 3.6 million shares, with Goldman Sachs appearing as sole guide working supervisor for the providing. Goldman Sachs may have a 30-day possibility of buying 540,000 further shares, so the providing may develop to $345 million. RELATED ARTICLES Japan’s ORIX sells Ormat stake…
[ad_1] After giving a constructive return in 2022, and in 2023 to this point, Teva Pharmaceutical Industries (TASE: TEVA; NYSE: TEVA) fell 9% on Wednesday after the discharge of its fourth quarter financials, to a market cap of $11 billion. Teva, beneath its new CEO Richard Francis, launched pretty tepid outcomes for final 12 months, with a big working loss, however the market’s disappointment gave the impression to be extra on the steering for 2023. On the one hand, the steering holds out the opportunity of slight progress, after 5 years of continually declining income, however then again the…
[ad_1] Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) ended 2022 with income of $14.9 billion, within the decrease vary of the steerage offered within the last quarter. Within the fourth quarter of 2022, income was $3.9 billion, down 5.3% from the corresponding quarter of 2021, whereas non-GAAP earnings per share was $0.71, in keeping with analysts’ expectations. RELATED ARTICLES Teva appoints Richard Francis as CEO Teva misses on Q3 revenue and income Teva ended 2022 with a GAAP web lack of…
[ad_1] Israeli cellular video games firm Playtika (Nasdaq: PLTK) has supplied €690 million in an all money deal to purchase Rovio Leisure, the producer of ‘Indignant Birds.’ Playtika has supplied to purchase Rovio shares for €9.05 every, a 60% premium on the present share value. Rovio had been buying and selling at greater than this value in 2022 on the Finnish inventory market, the place it at the moment has a market cap of €470 million. RELATED ARTICLES Playtika to put off 600 Joffre Capital eyes shopping for…
[ad_1] US jet engine maker Pratt & Whitney is getting ready to shut down its operations on the Blades Know-how Trade (BTI) plant in Nahariya. This morning the corporate’s CEO despatched a letter to staff explaining that, “for a very long time the manufacturing unit has been sustaining main losses which can be solely rising.” Sources acquainted with the state of affairs have instructed “Globes” that BTI plans shedding its 900 staff and shutting down its manufacturing operations throughout 2024 and 2025. RELATED ARTICLES Probabilities of saving Blades Know-how nearly zero …
[ad_1] Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) CEO Kare Schultz will step down on the finish of subsequent month, earlier than anticipated. Teva immediately introduced the appointment of Richard Francis as president and CEO as of January 1, 2023. The corporate added that with a purpose to facilitate an orderly transition, Kåre Schultz and the Teva board of administrators have mutually agreed that Schultz will retire from December 31, 2022. Schultz joined Teva in November 2017, and his foremost activity has been to streamline the corporate and reduce its debt. Francis, 54, has 25 years of expertise…
[ad_1] Worldwide hospitality firm Selina Hospitality plc (Nasdaq: SLNA), which was based in 2015 by Israeli entrepreneurs Rafael Museri and Daniel Rudasevski, has seen its share worth soar 319.5% on its first day of buying and selling on Wall Avenue. Selina accomplished its merger with particular objective acquisition firm (SPAC) BOA Acquisition Corp. at an organization valuation of $1.2 billion and enterprise worth of $942 million, after neutralizing money. The share started buying and selling at $9.75 and opened by dropping 14% earlier than a exceptional rally noticed the share worth shut 319.5% up on the day at $40.90. …
[ad_1] The share value of web site constructing and administration platform firm Wix (Nasdaq: WIX) is presently up by over 8%, following the announcement that the corporate’s board of administrators has approved a share repurchase program, underneath which the corporate could repurchase as much as $300 million of its abnormal shares. It’s not unlikely that the explanation for the transfer is stress from activist investor Starboard Worth, which revealed final month that it had reached a 9% holding in Wix. RELATED ARTICLES Activist investor Starboard reaches 9% stake in Wix …