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Koor Raises Money


International Outlook: GLOBAL WRAPUP

KOOR RAISES MONEY

-- Shrugging off any jitters from the Nov. 4 assassination of Prime Minister Yitzhak Rabin, Israeli conglomerate Koor Industries Ltd. has raised almost $120 million in a global offering. Smith Barney Inc. led the offering, and Union Bank of Switzerland handled the 40% slice reserved for European investors. The deal is another indication that investors and businesses believe the Middle East peace process will continue to move forward.


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