Thursday, April 5, 2007

ECI Telecom, Koor to post gains from Veraz IPO

(Reuters) - TEL AVIV, April 5 - Israeli telecom equipment maker ECI Telecom Ltd. said on Thursday it expects to post a capital gain of $35 million to $48 million from the initial public offering of Veraz Networks .

The final amounts will be determined based on the possible exercise of the over-allotment option by the underwriters, as well as finalisation of certain tax estimates. The gains will be recorded in the first, second and third quarters of 2007.


Read more at Reuters.com New Issues News

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