The Israeli government will help bail out...
The Israeli government will help bail out Koor Industries, the giant conglomerate being threatened by Bankers Trust Co. with liquidation because of a $20-million debt, officials said. Yitzhak Feinberg, a spokesman for the Finance Ministry, said Prime Minister Yitzhak Shamir had ordered ministers to “do whatever they could” to prevent Koor from going bankrupt. Shamir is eager to avoid threatening 27,000 jobs going into the election on Nov. 1. Koor’s director, Benny Gaon, flew to New York with the director of Bank Hapoalim, Koor’s largest creditor, to negotiate a settlement with the New York bank, officials said.
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