'Oracle of Omaha' to arrive Sunday

As part of his tour, Buffett will also pay a visit to Haifa's Rambam Hospital. Before leaving on Tuesday, Buffett is scheduled to host a lecture in Jerusalem.

By SHARON WROBEL
September 13, 2006 08:47
warren buffett 88

warren buffett 88. (photo credit: )

 
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American investment guru Warren Buffett, who will be arriving for a three-day visit to Israel this coming Sunday, is making good on the promise he made when he acquired 80 percent of Iscar Metalworking Cos. for $4b. in the largest ever buy-out of an Israeli company. On Monday, the "Oracle from Omaha" is scheduled to visit and tour privately held Iscar, the industry leader in metal cutting tools, which he purchased from the Wertheimer family in May. Tefen-based Iscar is the first company Berkshire Hathaway, the investment and insurance company owned by Buffett, has purchased which is based outside the US. In May Buffett announced that he would visit Israel to see Iscar headquarters and also to check if there were any other companies worth considering. As part of his tour, Buffett will also pay a visit to Haifa's Rambam Hospital. Before leaving on Tuesday, Buffett is scheduled to host a lecture in Jerusalem.

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