Tao Tsuot continues to increase ownership of Scailex stock

By Lisa Kerner

Charlotte, N.C., Oct. 31 - Shareholders led by Tao Tsuot Ltd. bought an additional 425,410 shares of Scailex Corp., increasing their stake in the company to 7,788,591 shares, or 20.40%, from 19.297% on Sept. 18.

The shares were purchased between Sept. 19 to Oct. 29 priced from $8.68 to $9.72 each, according to a schedule 13D filing with the Securities and Exchange Commission.

Scailex is a Tel Aviv-based digital systems development company.

It was previously reported that Tao Tsuot owned 6,859,911 shares, or 17.97%, of Scailex on Aug. 9.

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