Ted Forstmann Dies of Brain Cancer at 71

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Nov. 21 (Bloomberg) -- Ted Forstmann, the Wall Street dealmaker who sounded the alarm in the 1980s when junk bonds reshaped the leveraged-buyout industry he had helped create, has died. He was 71. He died yesterday at his home in New York City, according to George Sard, a spokesman for Forstmann Little & Co. The cause was brain cancer, for which he underwent surgery earlier this year. Erik Schatzker reports on Bloomberg Television's "InsideTrack.' (Source: Bloomberg)

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