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Mergers Boost David Tepper’s Appaloosa
Tepper’s fund and other hedge funds are benefiting from this week’s deals to acquire Caesars and Allergan.
Merger mania has already boosted a number of hedge funds this week thanks to two high-profile deals alone.But no firm has seemingly benefitted more this week from the acquisitions than David Tepper’s Appaloosa Management.On Tuesday, Abbvie agreed to acquire drug giant Allergan for about $63 billion. Shares of Allergan surged
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