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A high-school dropout, Mr. Bilzerian served in Vietnam and then graduated from Stanford University and Harvard Business School. He burst onto the corporate-takeover scene in the Nineteen Eighties with hostile bids for corporations including Hammermill Paper Co., Cluett Peabody & Co. and Pay ‘N Pak Shops Inc., bets that usually paid off for him and investment companions when friendlier suitors got here in with increased affords. Within the case of Singer Co., a Connecticut manufacturer, Mr. Bilzerian took over the corporate in 1988 and became its chairman.
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