Allot Leads Declines on Plan for Share Sale: Israel Overnight
By Zachary Tracer November 08, 2011 5:23 PM EST
Allot Communications Ltd. (ALLT, Israel’s biggest maker of high-speed networking equipment, led declines among the largest companies from the country traded in New York after saying it will sell shares to fund acquisitions.
The stock tumbled 5 percent, the most in a week, to $14.53 yesterday after the Hod Hasharon, Israel-based company said it will sell as many as 5.75 million shares.
Designed to Enable Mobile Broadband Operators to Make Smarter Business Decisions
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