(IsraelNN.com) The $4-billion purchase of Galilee-based Iscar Metworking by U.S. businessman Warren Buffet sparked a record jump in the Tel Aviv stock market on Sunday, the first day of trading after the announcement of the sale.
It also prompted the Israel Teacher’s Union to demand that tax revenues from the sale be directed toward the education system.
Union secretary-general Yossi Wasserman noted on Sunday that the education system, in dire straits, was in desperate need of the funds. He made his remarks at the ceremony in which Knesset member Tzipi Livni handed over the Education Minister’s post to the new Ministry head, Yuli Tamir.
It also prompted the Israel Teacher’s Union to demand that tax revenues from the sale be directed toward the education system.
Union secretary-general Yossi Wasserman noted on Sunday that the education system, in dire straits, was in desperate need of the funds. He made his remarks at the ceremony in which Knesset member Tzipi Livni handed over the Education Minister’s post to the new Ministry head, Yuli Tamir.