Israel stocks lower; Ness agrees to takeover

Posted on June 12, 2011 at 08:55 AM EDT

Israel stocks are poised to fall for a third day on Sunday, led by slumps in the banks, Teva Pharmaceutical Industries Ltd., Israel Chemicals Ltd. and the medical stocks. Ness Technologies Ltd. shares jump after the IT-services provider on Friday said it agreed to a takeover bid.

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