Labor veteran Herzog elected Israel's 11th president

Israel elected the even-keeled Labor veteran Isaac Herzog as its 11th president Wednesday, a parliamentary vote that coincidentally fell as opposition lawmakers scrambled to forge a coalition to unseat Benjamin Netanyahu.

Herzog, 60, beat former headmistress Miriam Peretz to replace President Reuven Rivlin, who was elected in 2014 to the largely ceremonial position.

Wednesday's presidential vote came as Israeli politicians from across the spectrum were holding 11th-hour negotiations to cobble together a new administration aimed at ending Prime Minister Netanyahu's 12 straight years in office.

This is a developing story and will be updated accordingly