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Aozora To Buy Back $1.7B In Stock From Cerberus

By Jake Simpson ( January 7, 2013, 1:23 PM EST) -- Japanese bank Aozora Bank Ltd. plans to buy back roughly $1. 7 billion in stock from Cerberus Capital Management LP as the New York-based hedge fund looks to divest its majority holding in the bank, according to a securities filing by Aozora on Friday. . . .

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