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News Brief

November 16, 2005
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A company headed by Dan Quayle bought part of Israel’s second largest bank. Gabriel Capital and Cerberus Capital Management, whose chairman is the former U.S. vice president, paid more than $500 million for 9.99 percent of Bank Leumi, which recently was privatized. Quayle’s company has the option to buy an additional 10.01 percent of the bank.

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