On Friday, ECI Telecom Ltd. (ECIL) announced that it has completed its merger deal with affiliates of the Swarth Group and certain funds for a total value of about $1.24 billion.Under the terms of the Merger Agreement, each ECI share outstanding as of today has been automatically converted into the right to receive US $10.00 per share in cash, without interest and less any applicable withholding tax.In connection with the closing, trading of ECI's shares on the Nasdaq Stock Exchange will cease on September 28, 2007 and ECI will de-list the shares from the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.