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A excessive-college dropout, Mr. Bilzerian served in Vietnam and then graduated from Stanford College and Harvard Business School. He burst onto the corporate-takeover scene within the 1980s with hostile bids for companies together with Hammermill Paper Co., Cluett Peabody Co. and Pay ‘N Pak Shops bid for papers Inc., bets that usually paid off for him and funding companions when friendlier suitors came in with larger offers. Within the case of Singer Co., a Connecticut manufacturer, Mr. Bilzerian took over the company in 1988 and have become its chairman.
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