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A high-faculty dropout, Mr. Bilzerian served in Vietnam after which graduated from Stanford College and Harvard Enterprise Faculty. He burst onto the corporate-takeover scene in the 1980s with hostile bids for corporations together with Hammermill Paper Co., Cluett Peabody & Co. and Pay ‘N Pak Shops Inc., bets that usually paid off for him and investment partners when friendlier suitors got here in with higher affords. Within the case of Singer Co., a Connecticut producer, Mr. Bilzerian took over the corporate in 1988 and have become its chairman.
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