ISRAEL: Supersol to stop trading on New York Stock Exchange
Supersol, Israel's largest food chain, will stop trading its shares in the US The move comes as Israel's recession has cut the chain's profit, "eclipsing investors' interest in the stock," according to a report in the Jerusalem Post. Supersol will ask the New York Stock Exchange to remove its American depositary receipts (ADRs) by 24 December, according to a statement by the company. It will continue to trade shares on the Tel Aviv Stock Exchange and offer its Israel stock to investors who hold ADRs.
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