Gazit-Globe adds debentures to purchase plan, extends termination date

By Ashley Montgomery

Kansas City, Kan., Jan. 4 - Gazit-Globe Ltd. said it will begin buying its series B debentures as part of its purchase plan.

The debt was added as part of changes approved Wednesday by the company's board, which also extended the termination date to Dec. 31, 2012 from Dec. 31, 2011.

Gazit-Globe started the plan on Sept. 13.

The debentures purchases will be funded with company resources.

Gazit-Globe is a real estate company based in Tel Aviv, Israel.

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