Israel's Ampal-American to repurchase $200 million in 8¼% notes

By Devika Patel

Knoxville, Tenn., Nov. 24 - Ampal-American Israel Corp. said its board of directors approved a debenture repurchase plan for its series A and series B debentures.

The repurchase was approved Nov. 23.

The repurchases may be made on the open market, in block trades or otherwise and may include derivative transactions. The program may be suspended or discontinued at any time.

Ampal-American is a Tel Aviv-based investment firm.

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