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A excessive-college dropout, Mr. Bilzerian served in Vietnam after which graduated from Stanford University and Harvard Enterprise Faculty. He burst onto the company-takeover scene in the Eighties with hostile bids for corporations including Hammermill Paper Co., Cluett Peabody Co. and Pay ‘N Pak Shops Inc., bets that always paid off for him and investment partners when friendlier suitors got here in with higher presents. In 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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