For Arbs, It's Not The '80s But Hey, It Ain't BadJeffrey M. Laderman
In just a few weeks, shareholders of Viacom Inc. and Paramount Communications Inc. will finally close one of the biggest and most contentious takeover battles in years. In the 1980s, such fights were richly rewarding to risk arbitrageurs, the savvy sorts who invest in companies once a buyer makes an offer.
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